Perwyn announced on Monday the sale of its stake in Isla Délice, a leader in the halal food market, to A&M Capital Europe. According to a statement received by Yabiladi, the transaction is expected to close later this year. Perwyn had acquired «a majority stake in Isla Délice from its founders and the French private equity fund IDI in 2018, paving the way for substantial growth and development, transforming the company from a founder-led structure into an organization driven by an expanded independent management team», the statement noted. This strategy led to «the continued professionalization of the company, significant investment in its production capabilities, as well as three acquisitions in the UK, Belgium, and Germany». The international expansion has enabled Isla Délice to evolve «from an exclusively French operation to a company now present in the three aforementioned international markets, as well as in the Netherlands, Spain, and Italy, where Isla Délice has grown organically». Heinz Holsten and John Gallagher, members of Perwyn's investment team and of Isla Délice's supervisory board, said they were proud «to have transformed Isla Délice from a French champion led by its founders into a halal specialist now active in several European markets and managed by a professional team». Eric Fauchon, CEO of Isla Délice, also stressed that Perwyn's support had been «crucial» to growth, with «more than €40 million invested» in production facilities and «new capacities developed». With the backing of A&M Capital Europe, Isla Délice will continue expanding in France and across Europe, focusing on broadening its product range and distribution channels, while preserving the halal expertise it has built over 35 years.
