Nascent announced this morning that it has received a large investment from York Capital Management. The investment is expected to increase Nascent’s growth and strengthen its strategic position in Mexico as the only nationwide food distributor.
The Senior Managing Director at York Capital commented, “Nascent is Mexico’s only nationwide independent food and beverage distributor, and is well-positioned to take advantage of the opportunities presented in this highly fragmented market. Nascent has a high quality management team and we look forward to working closely with them to build upon their already impressive accomplishments.”
The CEO of Nascent, Sandro Piancone, expressed his excitement by stating, “We are extremely pleased to partner with an institution of the caliber of York. This investment enables Nascent to continue to execute its strategic plan of acquiring quality companies and expanding its market penetration throughout Mexico.”
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