Mexican food and beverage distributor Nascent Wine Company has received an $8m investment from York Capital Management.

The company plans to use the funds to accelerate its growth and strengthen its strategic position in the Mexican food and beverage market.

"Nascent is Mexico's only nationwide independent food and beverage distributor, and is well-positioned to take advantage of the opportunities presented in this highly fragmented market," said Bill Vrattos, senior managing director at York. "Nascent has a high-quality management team and we look forward to working closely with them to build upon their already impressive accomplishments."

Sandro Piancone, CEO of Nascent Foodservice, said: "This investment enables Nascent to continue to execute its strategic plan of acquiring quality companies and expanding its market penetration throughout Mexico."