H.I.G. WhiteHorse Backs Nasta Pet Food’s €120M Expansion into North America
Event summary
- H.I.G. WhiteHorse arranged a €120M financing package for Nasta Petfood to acquire FirstMate Pet Foods in Canada.
- The deal strengthens Nasta’s North American footprint, expanding its production capacity to 45,000 tons of dry pet food and 4,000 tons of wet pet food annually.
- Nasta targets €200M in consolidated revenues for 2026 following the acquisition.
- The combined group will serve over 400,000 pet-owning households globally.
The big picture
H.I.G. WhiteHorse’s €120M financing underscores the private equity firm’s strategy of backing cross-border acquisitions in resilient consumer sectors. The deal highlights the growing demand for premium pet food, particularly in North America, where Nasta aims to leverage its integrated production capabilities and established brands to capture market share. With $74B in assets under management, H.I.G. continues to focus on scalable capital solutions for sponsor-less businesses seeking transformative growth.
What we're watching
- Integration Challenges
- How Nasta will manage the operational integration of FirstMate Pet Foods into its existing European platform.
- Market Penetration
- Whether Nasta can sustain its growth trajectory in North America, a highly competitive market for premium pet food.
- Strategic Ambitions
- The pace at which Nasta pursues further acquisitions to solidify its global position in ultra-premium pet nutrition.
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