Global Eggs has agreed a deal that will see private-equity firm Warburg Pincus invest up to $1bn in the multinational eggs supplier.
In a statement today (2 March), Warburg Pincus said the investment valued Global Eggs at $8bn. Financial terms were not disclosed.
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Global Eggs, set up in 2018 by executive chairman Ricardo Faria, has operations in the US, South America and Europe.
Its businesses including Brazil’s Granja Faria, US supplier Hillandale Farms and Hevo Group in Europe. It has more than 50 farms.
“In under a decade, we have scaled Global Eggs to become the largest multinational producer and distributor of table eggs and, with Warburg Pincus’ investment and ongoing support, we will accelerate our next chapter of growth in both new and existing markets,” Mr Faria said.
“We have proven our ability to execute in the United States, South America, and Europe, and given Warburg Pincus’ global reach, we believe they are the right partner to advance our long-term ambitions.”
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By GlobalDataLast year, Global Eggs expanded its presence in Spain with the acquisition of the El Granjero egg company.
“Global Eggs has an exciting and significant opportunity ahead, and we look forward to leveraging our expertise to help the company enter new markets, drive efficiencies, and strengthen its brands,” Warburg Pincus principal Allison Ross said.
