Developer docs
API playgroundTry for free, no card

Search company profiles

IRCA

Full company profile

uuid000dqne

Namestring
IRCA
Legal namestring
Irca SpA
Websiteurl
irca.eu
Company typeenum
Private
Founded yearint
1919
Descriptiontext

IRCA Group (legal entity Irca SpA) is an Italian-headquartered, privately-held B2B manufacturer of semi-finished ingredients and solutions for the professional pastry, bakery, confectionery, and gelato industries. Founded in 1919 in Gallarate, Italy, the company operates a multi-brand portfolio architecture comprising six category-specialist brands: the core IRCA Since 1919 line (chocolates, creams, pastry mixes, fruit fillings, jellies, icings, and bakery products), Joygelato (gelato bases, variegates, pastes, flavorings, coatings, and toppings), Dobla (chocolate decorations and fillables), Cesarin (candied and stabilized fruit), Ravifruit (fruit purees, IQF fruits, compotes, and sorbet solutions), and Domori (premium chocolate with the Criollo Mission). The portfolio was assembled over time through acquisitions including the 2021 purchase of In2Food, and the group maintains wholly-owned manufacturing operations in Italy and Vietnam (Dobla Asia).

The company generates revenue by selling professional-grade ingredients to food manufacturers and artisan professionals across five primary end-markets: confectionery, pastry & bakery, ice cream & dairy, snack & bar, and beverage. Its go-to-market is sales-led, executed through a network of authorized regional distribution partners and dedicated regional e-commerce platforms serving the Americas, Benelux, DACH region, and UK, complemented by a centralized web order system for authorized distributors and clients. Pricing is quote-based and not publicly disclosed. The company invests in customer engagement and stickiness through the IRCA Academy, a Chef/Maestro network, an extensive recipe database, and the Panettone Awards competition. Advent International, a global private equity firm, is the current owner and was preparing to launch a sale process valued at approximately €3 billion ($3.5 billion) in early 2026, with UBS and Rothschild advising. The company employs between 1,001 and 5,000 people globally and serves markets across Europe, North America, and Asia Pacific.

Short descriptiontext

IRCA Group is an Italian B2B manufacturer of semi-finished pastry, bakery, confectionery, and gelato ingredients, operating a six-brand portfolio (IRCA, Joygelato, Dobla, Cesarin, Ravifruit, Domori) and selling globally to food manufacturers through regional distributors and digital channels.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersGallarate, Italy
HQ citystring
Gallarate
HQ countrystring
Italy
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
professional pastry ingredients, bakery ingredient manufacturing, gelato ingredient supplies, confectionery semi-finished products, chocolate decoration products
Industry2 codes
1Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin)
CodeCRADAAADPrimaryYes
2Chocolate & Chocolate Confectionery
CodeCRADABAAPrimaryNo
NAICS code4 codes
  • Sugar and Confectionery Product Manufacturing3113
  • Chocolate and Confectionery Manufacturing31135
  • Confectionery Manufacturing from Purchased Chocolate311352
  • Ice Cream and Frozen Dessert Manufacturing311520
SIC code5 codes
  • Sugar & Confectionery Products2060
  • Bakery Products2050
  • Ice Cream & Frozen Desserts2024
  • Canned, Frozen & Preservd Fruit, Veg & Food Specialties2030
  • Food And Kindred Products2000
Product category
Professional Food Ingredients
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1B2B Food Ingredients Sales
TypeOne Time License
Description

Revenue from selling professional food ingredients and solutions to food manufacturers and artisan professionals in confectionery, pastry, bakery, and ice cream segments. Operates under multiple brands including IRCA Since 1919, Joygelato, Dobla, Cesarin, Ravifruit, and Domori.

ircagroup.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 6 records shown
1IRCA Since 1919
Description

Main brand offering chocolates, creams, pastry mixes, fruit fillings, jellies, icings, and bakery products

ircagroup.com
+5 more records
Core offering1 text field

IRCA Group manufactures and sells professional B2B food ingredients, semi-finished products, and ingredient solutions for the pastry, bakery, gelato, confectionery, and premium chocolate industries. Its portfolio covers chocolates, creams, pastry mixes, fruit fillings, jellies, icings, gelato bases, variegates, pastes, flavorings, coatings, toppings, candied and stabilized fruits, fruit purees, IQF fruits, compotes, coulis, sorbet solutions, and chocolate decorations, sold through brands including IRCA Since 1919, Joygelato, Dobla, Cesarin, Ravifruit, and Domori.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

IRCA Group is a professional food ingredients company operating a multi-brand portfolio architecture. The core brand IRCA Since 1919 serves as the primary offering for pastry and bakery professionals, providing chocolates, creams, pastry mixes, fruit fillings, and bakery ingredients. The portfolio includes six sub/acquired brands: Joygelato (gelato ingredients), Dobla (chocolate decorations), Cesarin (candied fruits), Ravifruit (fruit purees and frozen fruits), and Domori (premium chocolate). Products span multiple categories including fresh/frozen ingredients for food service professionals, B2B ingredient solutions for food manufacturers, and retail recipe inspiration. The brands work together to provide complete ingredient solutions across pastry, gelato, confectionery, and bakery applications.

Product and service2 records
1IRCA Since 1919
CategoryCore Brand
Description

Flagship brand offering professional food ingredients for pastry and bakery professionals, including chocolates, creams, pastry mixes, fruit fillings, jellies, icings, and bakery products.

2Joygelato
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

World's largest B2B chocolate and cocoa products manufacturer, supplying industrial and professional chocolate users globally. Directly comparable to IRCA's chocolate ingredients business across confectionery, pastry, and ice cream applications, and represents the dominant incumbent against which IRCA competes for professional chocolate accounts.

TypeDirect peer
Description

Belgian B2B supplier of bakery, patisserie, and chocolate ingredients with global operations. Closely comparable to IRCA's core pastry and bakery semi-finished product offering, serving the same artisan and industrial bakery professionals with similar chocolate, cream, and fruit filling categories.

TypeBroad incumbent
Description

Global agricultural and food ingredients giant with a substantial cocoa and chocolate business serving industrial and foodservice customers. Overlaps with IRCA's chocolate and confectionery ingredients but as part of a much broader portfolio spanning grains, oils, animal nutrition, and commodity trading.

TypeDirect peer
Description

Swedish-Danish specialty oils and fats supplier specializing in chocolate and confectionery applications. Direct comparable to IRCA's chocolate and bakery ingredient portfolio, supplying industrial B2B customers with functional lipid solutions and compound coatings.

TypeDirect peer
Description

Premium French chocolate brand owned by Savencia, serving pastry professionals and artisans worldwide. Directly comparable to IRCA's Domori premium chocolate brand and the IRCA Since 1919 pastry chocolate range, competing in the high-end couvertures segment.

TypeDirect peer
Description

Italian-headquartered global manufacturer of gelato and pastry ingredients, including bases, variegates, pastes, and toppings. Direct comparable to IRCA's Joygelato brand, serving the same artisan ice cream and gelato professionals across Europe and the Americas.

TypeDirect peer
Description

Barry Callebaut's premium pastry chocolate brand supplying professional bakers and chocolatiers worldwide. Directly comparable to IRCA's premium chocolate and pastry couverture offerings under the Domori and IRCA Since 1919 brands.

TypeBroad incumbent
Description

Associated British Foods' bakery ingredients division, supplying yeast, bakery mixes, and patisserie ingredients globally. Broad incumbent comparable to IRCA's pastry and bakery business but focused more heavily on yeast and bread rather than premium desserts.

TypeBroad incumbent
Description

Dutch-Swiss major in nutrition, health, and flavors with a sizeable food ingredients portfolio including flavors and textures for dairy, bakery, and confectionery applications. Overlaps with IRCA's ingredient categories but operates at much greater scale across many end markets beyond pastry.

TypeBroad incumbent
Description

French global leader in yeast and fermentation solutions for bakery, with a growing portfolio of bakery ingredients and taste solutions. Adjacent incumbent comparable to IRCA's bakery business, particularly its bakery mixes and icings, with stronger focus on bread applications.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries6 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

IRCA

Professional Food Ingredientsirca.eu

IRCA Group is an Italian B2B manufacturer of semi-finished pastry, bakery, confectionery, and gelato ingredients, operating a six-brand portfolio (IRCA, Joygelato, Dobla, Cesarin, Ravifruit, Domori) and selling globally to food manufacturers through regional distributors and digital channels.

What IRCA does

IRCA Group (legal entity Irca SpA) is an Italian-headquartered, privately-held B2B manufacturer of semi-finished ingredients and solutions for the professional pastry, bakery, confectionery, and gelato industries. Founded in 1919 in Gallarate, Italy, the company operates a multi-brand portfolio architecture comprising six category-specialist brands: the core IRCA Since 1919 line (chocolates, creams, pastry mixes, fruit fillings, jellies, icings, and bakery products), Joygelato (gelato bases, variegates, pastes, flavorings, coatings, and toppings), Dobla (chocolate decorations and fillables), Cesarin (candied and stabilized fruit), Ravifruit (fruit purees, IQF fruits, compotes, and sorbet solutions), and Domori (premium chocolate with the Criollo Mission). The portfolio was assembled over time through acquisitions including the 2021 purchase of In2Food, and the group maintains wholly-owned manufacturing operations in Italy and Vietnam (Dobla Asia).

The company generates revenue by selling professional-grade ingredients to food manufacturers and artisan professionals across five primary end-markets: confectionery, pastry & bakery, ice cream & dairy, snack & bar, and beverage. Its go-to-market is sales-led, executed through a network of authorized regional distribution partners and dedicated regional e-commerce platforms serving the Americas, Benelux, DACH region, and UK, complemented by a centralized web order system for authorized distributors and clients. Pricing is quote-based and not publicly disclosed. The company invests in customer engagement and stickiness through the IRCA Academy, a Chef/Maestro network, an extensive recipe database, and the Panettone Awards competition. Advent International, a global private equity firm, is the current owner and was preparing to launch a sale process valued at approximately €3 billion ($3.5 billion) in early 2026, with UBS and Rothschild advising. The company employs between 1,001 and 5,000 people globally and serves markets across Europe, North America, and Asia Pacific.

IRCA firmographics

Firmographics
Name
IRCA
Legal name
Irca SpA
Website
https://irca.eu
Company type
Private
Founded year
1919
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
IRCA Group is an Italian B2B manufacturer of semi-finished pastry, bakery, confectionery, and gelato ingredients, operating a six-brand portfolio (IRCA, Joygelato, Dobla, Cesarin, Ravifruit, Domori) and selling globally to food manufacturers through regional distributors and digital channels.
Ownership category
akta.pro rank

IRCA industry classification

Industry
Product category
Professional Food Ingredients
NAICS
Sugar and Confectionery Product Manufacturing (3113), Chocolate and Confectionery Manufacturing (31135), Confectionery Manufacturing from Purchased Chocolate (311352), Ice Cream and Frozen Dessert Manufacturing (311520)
SIC
Sugar & Confectionery Products (2060), Bakery Products (2050), Ice Cream & Frozen Desserts (2024), Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Food And Kindred Products (2000)
akta.pro primary industry
Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin) (CRADAAAD)
akta.pro secondary industry
Chocolate & Chocolate Confectionery (CRADABAA)

Keywords

  • Professional pastry ingredients
  • Bakery ingredient manufacturing
  • Gelato ingredient supplies
  • Confectionery semi-finished products
  • Chocolate decoration products

Where IRCA is headquartered

Location

Headquarters

HQ city
Gallarate
HQ country
Italy
HQ region
Europe

Offices1 record

Markets served

IRCA business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. B2B Food Ingredients Sales: Revenue from selling professional food ingredients and solutions to food manufacturers and artisan professionals in confectionery, pastry, bakery, and ice cream segments. Operates under multiple brands including IRCA Since 1919, Joygelato, Dobla, Cesarin, Ravifruit, and Domori.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

IRCA product offering

Product offering

Core offering

IRCA Group manufactures and sells professional B2B food ingredients, semi-finished products, and ingredient solutions for the pastry, bakery, gelato, confectionery, and premium chocolate industries. Its portfolio covers chocolates, creams, pastry mixes, fruit fillings, jellies, icings, gelato bases, variegates, pastes, flavorings, coatings, toppings, candied and stabilized fruits, fruit purees, IQF fruits, compotes, coulis, sorbet solutions, and chocolate decorations, sold through brands including IRCA Since 1919, Joygelato, Dobla, Cesarin, Ravifruit, and Domori.

Product overview

IRCA Group is a professional food ingredients company operating a multi-brand portfolio architecture. The core brand IRCA Since 1919 serves as the primary offering for pastry and bakery professionals, providing chocolates, creams, pastry mixes, fruit fillings, and bakery ingredients. The portfolio includes six sub/acquired brands: Joygelato (gelato ingredients), Dobla (chocolate decorations), Cesarin (candied fruits), Ravifruit (fruit purees and frozen fruits), and Domori (premium chocolate). Products span multiple categories including fresh/frozen ingredients for food service professionals, B2B ingredient solutions for food manufacturers, and retail recipe inspiration. The brands work together to provide complete ingredient solutions across pastry, gelato, confectionery, and bakery applications.

Differentiator

Problem solved

Functional benefit

Brands

  • IRCA Since 1919: Main brand offering chocolates, creams, pastry mixes, fruit fillings, jellies, icings, and bakery products
  • Joygelato
  • Dobla
  • Cesarin
  • Ravifruit
  • Domori

Products and services

  • IRCA Since 1919 Flagship brand offering professional food ingredients for pastry and bakery professionals, including chocolates, creams, pastry mixes, fruit fillings, jellies, icings, and bakery products.
  • Joygelato

Companies that use IRCA

Customer profile

Segments5 records

Ideal customer profiles3 records

IRCA technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

IRCA partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

IRCA competitors and assessment

Company assessment

Direct peers

  • Barry Callebaut: World's largest B2B chocolate and cocoa products manufacturer, supplying industrial and professional chocolate users globally. Directly comparable to IRCA's chocolate ingredients business across confectionery, pastry, and ice cream applications, and represents the dominant incumbent against which IRCA competes for professional chocolate accounts.
  • Puratos: Belgian B2B supplier of bakery, patisserie, and chocolate ingredients with global operations. Closely comparable to IRCA's core pastry and bakery semi-finished product offering, serving the same artisan and industrial bakery professionals with similar chocolate, cream, and fruit filling categories.
  • AAK: Swedish-Danish specialty oils and fats supplier specializing in chocolate and confectionery applications. Direct comparable to IRCA's chocolate and bakery ingredient portfolio, supplying industrial B2B customers with functional lipid solutions and compound coatings.
  • Valrhona: Premium French chocolate brand owned by Savencia, serving pastry professionals and artisans worldwide. Directly comparable to IRCA's Domori premium chocolate brand and the IRCA Since 1919 pastry chocolate range, competing in the high-end couvertures segment.
  • PreGel: Italian-headquartered global manufacturer of gelato and pastry ingredients, including bases, variegates, pastes, and toppings. Direct comparable to IRCA's Joygelato brand, serving the same artisan ice cream and gelato professionals across Europe and the Americas.
  • Cacao Barry: Barry Callebaut's premium pastry chocolate brand supplying professional bakers and chocolatiers worldwide. Directly comparable to IRCA's premium chocolate and pastry couverture offerings under the Domori and IRCA Since 1919 brands.

Broad incumbents

  • Cargill: Global agricultural and food ingredients giant with a substantial cocoa and chocolate business serving industrial and foodservice customers. Overlaps with IRCA's chocolate and confectionery ingredients but as part of a much broader portfolio spanning grains, oils, animal nutrition, and commodity trading.
  • AB Mauri: Associated British Foods' bakery ingredients division, supplying yeast, bakery mixes, and patisserie ingredients globally. Broad incumbent comparable to IRCA's pastry and bakery business but focused more heavily on yeast and bread rather than premium desserts.
  • DSM-Firmenich: Dutch-Swiss major in nutrition, health, and flavors with a sizeable food ingredients portfolio including flavors and textures for dairy, bakery, and confectionery applications. Overlaps with IRCA's ingredient categories but operates at much greater scale across many end markets beyond pastry.
  • Lesaffre: French global leader in yeast and fermentation solutions for bakery, with a growing portfolio of bakery ingredients and taste solutions. Adjacent incumbent comparable to IRCA's bakery business, particularly its bakery mixes and icings, with stronger focus on bread applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

IRCA social profiles

Digital presence

IRCA compliance and trust

Trust signal

Compliance1 record

IRCA financial estimates

Financial estimate

Revenue estimate

Valuation estimate

IRCA leadership team

Management profile

Number of profiles

Profiles2 records

IRCA subsidiaries and ownership

Company hierarchy

Subsidiaries6 records

IRCA funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

IRCA M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IRCA

What does IRCA do?

IRCA Group manufactures and sells professional B2B food ingredients, semi-finished products, and ingredient solutions for the pastry, bakery, gelato, confectionery, and premium chocolate industries. Its portfolio covers chocolates, creams, pastry mixes, fruit fillings, jellies, icings, gelato bases, variegates, pastes, flavorings, coatings, toppings, candied and stabilized fruits, fruit purees, IQF fruits, compotes, coulis, sorbet solutions, and chocolate decorations, sold through brands including IRCA Since 1919, Joygelato, Dobla, Cesarin, Ravifruit, and Domori.

Is IRCA a public or private company?

IRCA is a private company. It is classified as private equity controlled and is currently operating.

When was IRCA founded?

IRCA was founded in 1919. It employs 1,001 to 5,000 people.

Where is IRCA based?

IRCA is headquartered in Gallarate, Italy, in the Europe region.

How does IRCA make money?

One revenue line is on record: B2B Food Ingredients Sales.

Who are IRCA's main competitors?

Direct peers on record are Barry Callebaut, Puratos, AAK, Valrhona, PreGel and Cacao Barry. Broad incumbents are Cargill, AB Mauri, DSM-Firmenich and Lesaffre.

Does IRCA have an API?

No public API is recorded for IRCA.

What industry is IRCA in?

IRCA's product category is Professional Food Ingredients. Its primary akta.pro industry code is CRADAAAD, Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin), with a secondary code of CRADABAA, Chocolate & Chocolate Confectionery. Its NAICS code is 3113 and its SIC code is 2060.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
BloombergCVC Plans €1.2 Billion of High-Yield Bonds to Fund Irca BuyoutCVC Capital Partners is planning to issue €1.2 billion in high-yield bonds to fund its acquisition of Italian food-ingredients maker Irca SpA. The bonds will replace an initial bridging facility provided by Barclays, BNP Paribas, HSBC, and UBS, with the full debt package also including a revolving credit facility from those banks.foodnavigator-usa.comPrivate-equity firm acquires $1.6 billion Irca as Dubai chocolate trend fuels growthPrivate-equity firm CVC Capital Partners Fund IX has acquired Italian B2B dessert ingredients manufacturer Irca from Advent International for an undisclosed amount. Irca has grown rapidly from annual revenue of €370 million ($400 million) in 2021 to €1.5 billion ($1.6 billion), driven in part by its ability to capitalize on trends such as the Dubai chocolate craze. CVC plans to support Irca's next phase of growth through operational excellence, supply chain optimization, selected acquisitions, and continued international expansion into markets such as South America, India and China.Les EchosLe fonds américain CVC met la main sur les ingrédients alimentaires IrcaAmerican private equity fund CVC Capital Partners has acquired Irca, an Italian B2B food ingredients company specializing in pastry, chocolate, ice cream, and broader food industry applications. The transaction amount was not officially disclosed, though Reuters sources place the value between €2.5 and €3 billion. Irca, a century-old company, was previously owned by another American fund, Advent International, which had itself acquired the business from Carlyle in 2022 at an approximately €1 billion valuation.Food DiveCVC Capital builds out ingredients portfolio with Irca acquisitionPrivate equity firm CVC Capital Partners has agreed to acquire dessert and bakery ingredients supplier Irca from owner Advent International for an undisclosed amount, with the deal expected to close in Q4 this year. Combined with CVC's recent $4.3 billion acquisition of IFF's ingredients business announced in May, this positions CVC as a formidable player in the food ingredients sector, with Irca having grown from €370 million in revenue in 2021 to $1.7 billion today. The acquisitions reflect broader consolidation in the ingredients space as suppliers seek to capitalize on rising consumer demand for premium, functional, and minimally processed foods.BeBeezIl big degli ingredienti alimentari Irca passa a CVC Capital Partners. Deal da 3 mld di euro. Exit per Advent International - BeBeezCVC Capital Partners, through its CVC Capital Partners IX fund, has signed an agreement to acquire Irca, a global B2B manufacturer of food ingredients for high-end pastry, baking, and gelato, from Advent International. The deal is valued at approximately 3 billion euros, nearly triple the valuation of just over 1 billion euros at which Advent acquired Irca in 2021. The transaction will be financed through bonds and PIK financing.Investing.comCVC agrees to buy Italian dessert maker IRCA from Advent By Investing.comPrivate equity firm CVC Capital Partners has agreed to acquire Italian dessert ingredients maker IRCA from rival fund Advent International, with sources indicating the deal could be valued between €2.5 billion and €3 billion. During Advent's ownership since 2022, IRCA's revenue grew more than fourfold to €1.5 billion from €370 million in 2021. The transaction is expected to close in the fourth quarter of 2026, pending regulatory approvals.AInvestCVC Capital Partners agrees to buy IRCA from AdventCVC Capital Partners has agreed to acquire IRCA, an Italian specialty ingredients producer for artisanal pastries, cakes, and gelato, from Advent International, with financing provided by CVC Credit through senior and acquisition facilities. Founded over 100 years ago, IRCA operates seven production plants and four innovation kitchens across Europe, North America, and Asia, employing more than 1,000 people globally. The acquisition aligns with CVC's strategy to invest in high-quality businesses with strong growth trajectories, as Advent described IRCA as a "structural winner" benefiting from growing demand for semi-finished ingredient solutions.WsjCVC Capital Partners to Buy Ingredients Business Irca From AdventCVC Capital Partners agreed to buy ingredients business Irca from private-equity firm Advent. Advent had helped grow Irca's revenue to 1.5 billion euros from 370 million euros in 2021. CVC said it would support the next phase of Irca's growth.EuropaWireCVC to Support Irca’s Next International Growth Phase Following Planned AcquisitionCVC Capital Partners agreed to acquire Irca from Advent through its IX fund, with completion expected in Q4 2026. Irca's revenue grew from EUR 370 million in 2021 to around EUR 1.5 billion. CVC plans to support manufacturing, supply-chain improvements, selective acquisitions, and expansion in the US and EMEA.foodnavigator-usa.comPrivate-equity firm acquires $1.6 billion Irca as Dubai chocolate trend fuels growthPrivate-equity firm CVC Capital Partners Fund IX has acquired Italian B2B dessert ingredients manufacturer Irca from Advent International for an undisclosed amount, with the company valued at approximately $1.6 billion based on its revenue. Irca has grown rapidly from €370 million in revenue in 2021 to €1.5 billion in 2025, driven by innovation and its ability to capitalize on trends such as the Dubai chocolate craze. Going forward, CVC plans to support Irca's expansion in the US and EMEA markets while pursuing operational excellence, selective acquisitions, and international growth in regions including South America, India, and China.