View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 8, 2021

Olive supplier Agolives gets private-equity investment

The Spain-based business is one of the world’s largest exporters of olives.

Aceitunas Guadalquivir, the Spain-based olive supplier, has accepted investment from Alantra Private Equity.

Free Report
img

VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

Financial terms were not disclosed. Aceitunas Guadalquivir, better known as Agolives, will see its founding family and the rest of its management team “retain a significant stake” in the business, Alantra said.

Asked what size stake Alantra has bought in Agolives, the private-equity firm declines to comment. Alantra’s website says its private-equity fund typically focuses on majority stakes.

Set up in 1962, Sevilla-based Agolives generated EUR130m (US$150.4m) in net revenues in 2020, with more than 60% coming from international markets. The company is present in more than 60 countries.

In a statement, Alantra said its investment will “accelerate the implementation of a new business plan to support organic growth, while allowing Agolives to explore inorganic growth opportunities within a global fragmented sector mostly comprised of medium-sized and family-owned companies”.

Francisco Escalante, Agolives’ CEO, said: “We are confident that with Alantra’s support, we will have the resources and expertise needed to grow our business, enhance our offering and expand our geographic footprint.”

Mariano Moreno, a partner at Alantra Private Equity, added: “The story of Francisco and his family, their ability to innovate and grow internationally, and the excellent product and service they offer, make Agolives a company with the potential to become the global leader in the table olive market.”

Alantra’s assets in the Spanish food sector include berry group Surexport and dairy-alternative drinks supplier Frías Nutrición.

Related Companies

Free Report
img

VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food