What financing did Nasta Petfood secure?

H.I.G. WhiteHorse provided EUR 120 million in financing to French family-owned Nasta Petfood to support its acquisition of FirstMate Pet Foods, a Canadian manufacturer in British Columbia, marking Nasta entry into North American manufacturing.

What is the combined platform scale?

The FirstMate acquisition adds Canadian dry pet food capacity, creating a combined platform of about 45,000 tons of dry and 4,000 tons of wet pet food annually, serving over 400,000 pet households, with projected 2026 revenue near EUR 200 million.

Why is the deal structure notable?

The credit financing lets Nasta family ownership remain intact while scaling internationally, a template for mid-market European pet food companies. It is H.I.G. second major pet-sector investment in 2026 after acquiring Outward Hound.

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