Current

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

Cow eating feed at a trough inside a barn.

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.