CVC enters deal to buy Italy's Irca from Advent

June 29 (Reuters) - Private equity firm CVC CVC.AS said on Monday it entered into an agreement to acquire Italian dessert ingredients maker Irca from Advent International.

The sale could fetch between €2.5 billion and €3 billion ($2.7 billion–$3.2 billion), sources previously told Reuters earlier this month.

  • Irca has a global manufacturing and distribution platform spanning across 19 facilities and a customer base in over 100 countries.

  • Irca's revenue has increased from €370 million in 2021 to €1.5 billion today since Advent's investment.

  • CVC will work closely with Irca to support company's growth through expansion in the U.S. and EMEA markets.

  • Deal is expected to close in the fourth quarter of 2026, subject to regulatory approvals.


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