Triodos Food Transition Europe Fund has announced its exit of Sweden-based Naty, a global leader in plant-based diapers and other sanitary products, from the portfolio. “The transaction means an exciting new home for Naty with Humble Group AB where it can go to its next level of growth,” said Adam Kybird, Senior Investment Manager with the fund. “It also delivered a strong impact and financial return for the fund.” Naty is also positive about the move.
Triodos Food Transition Europe Fund provides long-term private equity to leading sustainable food businesses across Europe and currently has a stake (post Naty exit) in ten leaders in the food transition including Aarstiderne, a meal box company in Denmark, Crowdfarming, a Spanish online marketplace that connects farmers to consumers and Hari&Co, a producer of high-quality plant-based alternatives to meat.
Adam: “Naty was an investment from 2016, before the fund changed its strategy to focus exclusively on food. It offers market leading sustainable alternatives to conventional diapers which have a huge environmental footprint. Naty’s impact is profound, and we are proud to have been part of its journey.”