81.105.105.247

TA Associates buys into Ambienta-backed food flavouring manufacturing group Nactarome

7

TA Associates has bought into Ambienta-backed food flavouring manufacturing group Nactarome to tap into the high-quality growth market.

Nactarome is an European Group of companies specialising in the development and manufacturing of natural flavours, colours, functional ingredients and clean labels for food and beverage industry. It serves more than 4,200 clients through ten specialized production facilities across Europe.

TA said its investment will enhance the company’s focus on R&D, international expansion and strategic M&As.

Patrick Sader, managing director at TA and co-head of TA’s EMEA services group, said, “Natural flavours and colours are a large market with a high-quality revenue model, which we believe has the potential for long-term structural growth. We are delighted to partner with Udo and Luigi on the next phase of organic and external growth of Nactarome while continuing to prioritise its customer-centric approach and commitment to sustainability.”

TA Associates closed its fourteenth flagship fund on its $12.5bn hard cap and TA Select Opportunities Fund II on its hard cap of $1.5bn in June.

Other recent deals from TA include the firm agreeing to invest in IT asset management software provider PDQ alst month to help accelerate the company’s growth and buying into $7.5bn-managing privately-owned multi-family office Caprock in September.

Copyright © 2021 AltAssets

Get the latest PE News & Research delivered to your inbox every morning