Queijos Tavares, a portfolio company of Crest Capital Partners, has been acquired by Lactalis Group
Lisbon – CFI is pleased to announce that it acted as exclusive financial advisor to the shareholders of Queijos Tavares, a portfolio company of Crest Capital Partners, in the sale of 100% of the company to the global dairy market leader, Lactalis Group.
Founded in 1996 and headquartered in Seia, Queijos Tavares is a distinguished Portuguese traditional cheese producer specializing in traditional sheep’s cheeses, including cured and creamy, as well as goat and cow cheese varieties. Following a successful market consolidation in 2019 and 2020, the company now operates under 4 respected brands – Seia do Tavares, Serras de Penela, Monte da Soalheira, and Damar. This strategic growth has resulted in annual sales of €26 million, a workforce of 120 employees, and modern production facilities located across the Beira and Serra da Estrela regions, where Queijos Tavares blends ancestral cheese-making techniques with contemporary technology to deliver authentic flavors rooted in the regions’ rich dairy heritage.
Lactalis Group, headquartered in France, is the world’s largest dairy products group, with a presence in over 100 countries. With a deep portfolio of iconic brands and a reputation for innovation and quality, the acquisition of Queijos Tavares reinforces Lactalis’ commitment to the Portuguese market and its strategy to strengthen local production capabilities.
This transaction represents another successful exit for Crest Capital Partners, following a strong strategic investment focused on consolidating the business and positioning it for long-term growth and value creation. For Queijos Tavares, the deal offers an opportunity to join a global leader with vast distribution capabilities, enabling the company to explore its yet untapped exports potential, while aligning with a group that shares its commitment to product excellence.
CFI was selected as exclusive financial advisor for this deal based on its strong track record in the food & beverage sector and its global reach. CFI conducted a structured international sale process, attracting interest from leading industrial players and private equity investors. Its hands-on, partner-led approach ensured a tailored and competitive process, ultimately resulting in a successful outcome for all parties involved. This transaction further highlights CFI’s capabilities in cross-border M&A advisory and its deep sector knowledge.
This transaction closed on 1 July 2025.
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Portuguese cheese producer Queijos Tavares, a portfolio company of Crest Capital Partners, has been acquired by the French Lactalis Group, the world’s largest dairy products group
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