Biavest Limited and Development Capital Fund Management Limited acquired Nomadic Dairy Limited from Donegal Investment Group and others for €32.1 million on November 5, 2021. The partnership of BiaVest and Development Capital, which includes funding from Bank of Ireland, positions the company to build on the growth it has achieved over the past two decades. €6 million of the total will be paid as a deferred consideration contingent on financial performance next year.

Biavest Limited and Development Capital Fund Management Limited completed the acquisition of Nomadic Dairy Limited from Donegal Investment Group and others on November 5, 2021. Ernst & Young Ireland acted as Due diligence provider to Biavest Limited.