Profile

Founded in 1871, Upfield is a global leader in plant-based nutrition owning brands, including Becel, Flora, Country Crock, Blue Band, I Can’t Believe It’s Not Butter, Rama and ProActiv. The company operates in 95 countries around the globe and is the number 1 global producer of plant-based spreads. Upfield’s six business units cover Northwest Europe, Southwest Europe, Central/Eastern Europe, North America, Middle/Latin America and Asia/Africa.

Stake value (12/31/2021) € 400 M
Investment case

In July 2018, Sienna Investment Managers has invested EUR 250 million alongside KKR and other co-investors into Upfield, its first co-investment transaction. Sienna Investment Managers is represented on the Board of Upfield by a senior member of GBL’s investment team.