Diana Capital Invests in Aurora Intelligent Nutrition

Diana Capital, a prominent Spanish private equity firm, has finalized its fourth investment from its third fund, injecting capital into Aurora Intelligent Nutrition. This strategic move sees Diana Capital acquire a 46% stake in the Seville-based company, a recognized leader in the contract development and manufacturing of functional nutrition products. The transaction, structured as a capital increase, aims to propel Aurora's growth trajectory by enhancing its production capabilities and operational efficiency.

The influx of capital will be instrumental in advancing Aurora Intelligent Nutrition's business plan. Key initiatives include significant investments in expanding manufacturing capacity, further integrating automation and robotics into its processes, and bolstering its overall operational infrastructure. The company also intends to pursue strategic, bolt-on acquisitions to accelerate its inorganic growth strategy. This expansion is designed to meet the escalating demand within the dynamic functional nutrition market.

Aurora Intelligent Nutrition, founded in Seville and employing over 300 professionals, has established itself as a significant European player in the functional nutrition CDMO space. Its product portfolio encompasses a wide range, including nutritional bars, supplements, gummies, and gels. The company's success is underpinned by a steadfast commitment to quality, innovation, and manufacturing excellence. In the fiscal year 2025, Aurora reported revenues of €43 million, marking a 20% increase year-over-year. Notably, over 40% of its output is exported to international markets, highlighting its global reach.

This investment marks the fourth deployment from Diana Capital III FCR, a fund with €180 million in assets. It underscores Diana Capital's strategy of partnering with strong management teams and supporting companies with substantial growth potential in attractive sectors. The functional nutrition market, driven by global health and wellness trends, presents a compelling opportunity for continued expansion.

Fernando Moreno Cáceres, CEO of Aurora Intelligent Nutrition, expressed enthusiasm for the partnership, stating, “We are thrilled to welcome Diana Capital to our project. Having a partner with their experience, strategic vision, and proven track record in supporting company growth provides significant backing for Aurora and will enable us to accelerate our business plan.”

Francisco Gómez Zubeldia, Vice President and CEO of Diana Capital, commented on the strategic fit and market dynamics. “Functional nutrition is a category benefiting from favorable global structural trends focused on health consciousness. Aurora has demonstrated exceptional ability to develop innovative products, gain market share, and cultivate robust client relationships. We are delighted to support Fernando Moreno and his entire team in this new phase of growth and value creation.”

Diana Capital, with over 25 years of experience, has managed three funds totaling €400 million in assets under management. The firm has a history of successfully backing Spanish middle-market companies, including notable investments and exits in sectors like advanced waterproofing systems, food and beverage, and industrial lighting.