Investment Summary

NextWorld Evergreen Exits Alter Eco

On January 14, 2024, invested in food company Alter Eco from NextWorld Evergreen

Investment Highlights
  • This is transaction in the Food sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Alter Eco was sold to a financial buyer in 2024.

Investment Summary

Date 2024-01-14
Target Alter Eco
Sector Food
Sellers(s) NextWorld Evergreen
Deal Type Secondary Sale

Target

Alter Eco

San Francisco, California, United States
Alter Eco is a manufacturer of premium organic dark chocolate bars, truffles, granola, and quinoa and markets its products in the U.S., Canada, Australia, and New Zealand. The company’s products are primarily sold through the organic/natural retail channel and the bars and truffles represent the number one dark chocolate retailed in this sector. The company’s full-cycle manufacturing process is 100% carbon neutral, product packaging is recyclable including compostable truffle wrappers. Alter Eco was founded in 2005 and is based in San Francisco, California.

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Seller(S) 1

DESCRIPTION

NextWorld Evergreen is a private investment firm focused on long-term investments in growth-oriented companies in the personal care, food, and beverage sectors. The Firm will consider opportunities throughout the US with revenues between $10 and $100 million. NextWorld Evergreen generally pursues majority investments, however the Firm will consider selecting minority situations as well. NextWorld Evergreen was established in 2016 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 5 of 5
Sector: Food M&A 3 of 3
Type: Secondary Sale M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 Total Eren

Paris, France

Total Eren has built up a substantial and diversified portfolio of wind, solar and hydraulic assets representing an installed gross capacity of 650 MW in operation or under construction worldwide. The company is currently developing numerous projects in Asia-Pacific, Africa, and Latin America. Its objective is to achieve a net installed capacity of at least 3 GW by 2023. Total Eren is based in Paris.

Sell €3.8B