YSCO Acquisition: Boosting Glacier's European Ice Cream Market
Deal News | Jan 08, 2025 | PR Newswire Cision Davidson Kempner Capital Management LP
Davidson Kempner Capital Management, in collaboration with Afendis Capital Management, has completed the acquisition of YSCO, a significant European ice cream producer. This strategic move augments Glacier, their ice cream investments platform, bolstering its position in the ice cream industry globally and particularly in Europe. Previously enriched by the acquisition of Gelato d'Italia, Glacier is becoming one of the largest third-party ice cream manufacturers worldwide. YSCO’s integration, with its extensive production and distribution capabilities, will significantly enhance Glacier's market reach and operational efficiency. With Gelato d’Italia and YSCO under its umbrella, Glacier’s revenues are expected to exceed €600 million. The acquisition is a key step towards Glacier’s aim of becoming the preferred partner for ice cream brand owners worldwide, emphasizing rapid product development and international expansion. Both Davidson Kempner and Afendis are leveraging their expertise in investment management to drive innovation in the ice cream sector, with a firm focus on growth and value delivery.
Sectors
- Food and Beverage
- Private Equity
Geography
- Europe – The primary market focus of the acquisition involves European ice cream producers like YSCO with significant distribution in Belgium, France, and broader Europe.
- Global – Davidson Kempner and Glacier's ambitions to expand their market reach globally, leveraging existing assets and new acquisitions.
Industry
- Food and Beverage – The acquisition involves major players in the ice cream manufacturing industry, affecting production and distribution across Europe.
- Private Equity – Davidson Kempner's involvement as a global investment management firm highlights the role of private equity in strategic acquisitions in the food sector.
Financials
- €600 million – Projected combined revenue of Glacier's operations including YSCO and Gelato d'Italia.
- $37 billion – Assets under management by Davidson Kempner Capital Management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Davidson Kempner Capital Management LP | Bidding Company | Company | A global investment management firm leading the acquisition. |
| Afendis Capital Management | Operating Partner | Company | A specialist investor partnering in the acquisition. |
| YSCO | Target company | Company | A major European ice cream producer acquired by Glacier. |
| Glacier | Investment Platform | Company | Glacier is an ice cream investment platform backed by Davidson Kempner and Afendis. |
| Gelato d'Italia | Other Company | Company | An existing acquisition by Glacier that complements the acquisition of YSCO. |