Nutrition 101, Inc
Private Equity Manager (GP)
Altamont Capital Partners
Details
Region
USA
Sector
Industrials
Stage
Small/mid buyout
Type
Co-investment
Vintage
2022
Highlights
Commitment
£20.2m
About
the company
Nutrition 101 is a food waste and recycling company and a go-to partner for food manufacturers seeking sustainable waste management solutions.
The company cost-effectively converts food waste into affordable and nutritious livestock feed, compost and green energy products. As a result, food waste, landfill usage and greenhouse gas emissions are significantly reduced.
Investment
rationale
- The company operates in a c.US$600bn dairy market that develops a variety of nutrient dense foods. The business is expected to benefit from the tailwinds supporting sustainable food production.
- There are significant barriers to entry due to the operational and technical know-how, physical assets and scale required.
- The company has visible revenue streams due to strong relationships and multi-year agreements with tenured blue-chip food manufacturers and customers requiring livestock feed.
Our
relationship
Pantheon has a long-standing relationship with Altamont, having invested in several of their funds and it currently holds five advisory board seats with the manager. PIN has also previously co-invested alongside Altamont.
Active
mangement and
value creation
- Altamont is a leading US mid-market buyout manager that focuses on companies with strong management that are undergoing a strategic or operational transition. It has identified several growth opportunities for Nutrition 101 to create value, which include the professionalisation of the company’s go-to-market strategy, optimising pricing and plant operations and geographic expansion across the USA.