Private equity firm acquires Alter Eco
Candyindustry.com – 13/12/2017
NextWorld Evergreen, a San Francisco-based private equity firm, has acquired Alter Eco, a chocolate-centric, healthy-indulgence confectionery brand.
Alter Eco, also based in San Francisco, offers premium organic snacks such as clusters, chocolate bars and truffles in the United States, Canada, and Australia. The 12-year-old company's products are made with USDA-certified organic, Non-GMO Project-verified and Fair Trade-certified ingredients sourced from farmer cooperatives around the world. [...]
Edouard Rollet and Mathieu Senard, Alter Eco co-founders and co-CEOs, as well as President Kate Tierney, will remain at the helm of the company, leading all strategic growth, mission-based ingredient sourcing and impact programs.[...]
Alter Eco's approach combines grassroots sourcing and marketing with a dedication to quality and transparency. The company's previous growth financing came from impact investors, initially led by Social Venture Network founder Josh Mailman, looking to align capital and strong values. For the current acquisition, Michel Dyens & Co. acted as financial advisors to the sellers.