Nasta Petfood, a French family-owned international group specialising in ultra-premium pet nutrition, yesterday announced the acquisition of FirstMate Petfoods, an independent premium manufacturer based in British Columbia, Canada.
Nasta Petfood boasts a portfolio of established brands and integrated production facilities in France and Italy. This includes Bab’in, FirstMate, Forza 10 and Natural Code. FirstMate Petfoods was founded by Michael Florian in 1989 as a kibble production facility and cannery.
Alantra, a financial service firm, has acted as exclusive debt advisor to Nasta Petfood on a EU€120 million unitranche financing provided by H.I.G. WhiteHorse, in connection with the refinancing of the Group’s existing debt and the acquisition of FirstMate Petfoods. The financing supports not only the acquisition of FirstMate but also the continued execution of the Group’s development strategy in North America.
Pierre-Louis Nahon, Managing Partner at Alantra, said: “We are very pleased to have supported Nasta Pet Food on this financing, which enables the acceleration of the Group’s international growth strategy.”
