Meeting

Upfield

Upfield (f.k.a. Flora Food Group), the carve-out of Unilever’s Spreads Business.
Registered office
Amsterdam, Netherlands
€ 250 M Initial Commitment (06/30/2020)
€ 250 M Capital Invested (06/30/2020)
17 % Share in portfolio (06/30/2020)

Is a global leader in plant-based nutrition with more than 100 brands, including Becel, Flora, Country Crock, Blue Band, I Can’t Believe It’s Not Butter, Rama and ProActiv. The company operates in 69 markets around the world, with number 1 brand positions in 49 countries. Upfield’s six business units cover Northwest Europe, Southwest Europe, Central/Eastern Europe, North America, Middle/Latin America and Asia/Africa. The company employs more than 3,500 Associates.

€ 325 M Stake value (06/30/2020)

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