In January 2012, after operating for several years under the Icelandic flag, Alfesca became Labeyrie Fine Foods. Since July 2014, Labeyrie Fine Foods has confirmed its new shareholding structure by hosting in the Group's capital, the French investment fund PAI Partners, next to the Lur Berri cooperative. Now, both control the Group in equal shares to the tune of 86% of the company’s capital, alongside the management of the company with 14%. The new shareholding structure allowed Labeyrie Fine Foods to write a new chapter in its history, focused as always on pleasure food and pursuing development in France and Europe.


About Lur Berri :
Lur Berri is a food cooperative based in the Basque country, with 5,000 farmers and over 4,000 employees. The group has a consolidated turnover of €1,3 billion and is organised into three divisions: agricultural (crops, livestock and agricultural distribution), food production, and large-scale food distribution.

About PAI Partners :
PAI is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich and Stockholm. PAI manages €5.8 billion of dedicated buyout funds. Since 1994, PAI has completed more than 50 LBO transactions in 10 European countries, representing over €36 billion in transaction value. PAI is characterised by its industrial approach to ownership combined with its sector based organisation, the food industry being one of the sectors where it has led several of the most important LBOs in Europe: Yoplait, United Biscuits, Lustucru Panzani, Amora Maille and more recently, R & R Ice Cream. PAI provides portfolio companies with the financial and strategic support required to pursue their development and enhance strategic value creation.