Nasta Petfood Secures €120M Unitranche for FirstMate

Nasta Petfood has secured a €120mn unitranche financing provided by H.I.G. WhiteHorse to support the refinancing of the group’s existing debt and its acquisition of FirstMate Pet Foods. Alantra acted as exclusive debt advisor.

FirstMate is described as a premium pet food manufacturer based in British Columbia, Canada. Nasta Pet Food is a French-based, family-owned international group specializing in ultra-premium pet nutrition with integrated production facilities in France and Italy.

After the transaction, the combined group will operate an integrated industrial platform across Europe and North America, targeting consolidated annual production capacities of approximately 45,000 tons of dry pet food and 4,000 tons of wet pet food, serving more than 400,000 pet-owning households globally.