FirstMate Pet Foods Acquired by Nasta Petfood — Consumer M&A

Nasta Petfood has completed the acquisition of FirstMate Pet Foods, a pet services business in Paris, for $120mn. FirstMate Pet Foods supplies pet nutrition and related products, strengthening Nasta Petfood’s capabilities in consumer pet services and expanding its presence in the pet food market. Nasta Petfood acquisitions focus on building a platform acquisition strategy in consumer M&A, with FirstMate Pet Foods acquisition supporting growth in private equity acquisition portfolios. The announced deal is backed by €120mn unitranche financing and is structured as a platform acquisition, with Nasta Petfood acting as the private equity buyer. Alantra served as exclusive debt advisor, supporting debt refinancing for the FirstMate Pet Foods acquisition, with expected completion in 2026.