LUXEMBOURG — CVC Capital Partners, a global private markets manager that recently entered an agreement to acquire IFF’s food ingredients business, announced another ingredients-focused transaction.

The private equity company plans to acquire Irca, a B2B manufacturer of ingredients for food manufacturing, foodservice and artisanal channels, from private equity investor Advent. More specifically, the company produces more than 7,000 value-added ingredients and semi-finished products for markets including the pastry and bakery sectors. Irca’s manufacturing and distribution reach is global, with 19 facilities and customers in more than 100 countries.

“Over the past years, Irca has strengthened its international platform and broadened its capabilities, and today, we’re in a great position to expand into new markets and segments,” said Massimo Garavaglia, CEO of Irca. “We look forward to working with CVC as we invest in our business and pursue the next phase of growth for the company.”

Upon the completion of the deal, expected to close Q4 2026 following customary regulatory approvals, CVC will work alongside Irca’s leadership to broaden its presence in the US and EMEA and support the teams for each market.

“Irca combines a strong market position, a resilient business model and significant opportunities for further international expansion,” said Giampiero Mazza, managing partner at CVC. “Working alongside management, we will support the company’s continued development through operational excellence initiatives, selective acquisitions and investment in its global platform.”