Branded halal meat firm Isla Délice will change hands later this year, following a successful exit by private equity owner Perwyn.
Perwyn has sold its majority stake in Isla Délice to London-headquartered investment fund A&M Capital Europe, with the deal expected to close later this year.
“Perwyn’s support has been instrumental to our growth,” said Isla Délice CEO Eric Fauchon.
Founded in 1990, the French halal meat supplier has grown “substantially” since Perwyn acquired it from its founders and French PE firm IDI in 2018.
Perwyn has invested more than €40m (£34.6m) in production sites and “new capacities”, including acquisitions to give Isla Délice a footprint in the UK, Belgium and Germany, alongside organic expansion from France into the Netherlands, Italy and Spain.
Perwyn investment team and Isla Délice board members Heinz Holsten and John Gallagher said the exit was “testament to the quality” of the meat supplier.
“During our ownership, we have been particularly impressed by the hard work and dedication of the Isla Délice management team led by Eric Fauchon as well as the broader organisation,” they said in a joint statement.
“We are proud to have transformed Isla Délice from an owner-managed French champion into a halal specialist with a presence across several European markets, led by a professional management team.”
Fauchon said the 35-year-old business would now continue to expand its product range and distribution channels across Europe with the support of A&M Capital Europe.
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