Secondary Sale • Food

NextWorld Evergreen Exits Alter Eco

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

Investment Context

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.

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Investment Summary
Date	January 14, 2024
Target	Alter Eco
Sector	Food
Sellers(s)	NextWorld Evergreen
Deal Type	Secondary Sale

Target Company

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 Profile 1

SELLER

NextWorld Evergreen

Investor Investor

Category	Venture Capital Firm
Founded	2016
Size	Small
Type	Sector Focused

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 Context for Seller	#
Overall	5 of 5
Sector: Food	3 of 3
Type: Secondary Sale	1 of 1
State: California	2 of 2
Country: United States	3 of 3
Year: 2024	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

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

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