Vis Mundi acquires stake in UAE food company Kcal
Investment company Vis Mundi has acquired a significant stake in the UAE-based Kcal Group through its affiliate firm.
Following the acquisition, Kcal will now be able to accelerate its regional and global expansion plans.
Kcal Group founders and Kcal co-CEOs Mark Carroll and Andreas Borgmann said: "When we launched Kcal, we had the vision to change the way people perceived food in the UAE.
“We believed that healthy was about more than just counting calories; it was about helping people make better choices about what they put in their bodies.”
The investment from Vis Mundi will be used by the company for further expansion.
The company will also be provided with financial and strategic resources needed for its growth plans, and will be able to strengthen management and corporate governance standard.
Vis Mundi founder and CEO Salvatore Caizzone said: "We are happy to help drive Kcal business to the next level. We are even more excited to contribute and spread the big idea behind the brand: eat well, be well.”
Founded in 2010, Kcal also operates through its other divisions, including Kcal Extra and Fuel-UP by Kcal.