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Oghma Partners, the corporate finance advisor to the food and beverage industry, has announced that it acted as financial advisor to the shareholders of Anna Alla Ltd (‘Two Chicks’), on the sale of a majority stake in the business to Eurovo Group, for an undisclosed amount.
Established in 2007 by Anna Richey and Alla Ouvarova, Two Chicks was the first to launch a liquid egg white into UK retail, creating a new category in the process. In the past two years the group has doubled its turnover.
Since 2015, Two Chicks has partnered with Eurovo, an Italy-based producer of eggs and egg products.
In 2024, the Lionello family business achieved approximately €1.25bn (£1.06bn) in revenue and has a network of around 5,000 customers across 40+ countries.
Two Chicks is stocked in most major UK supermarkets, from Sainsbury’s and Tesco to Lidl. It also sells in global markets including France, the Netherlands, Luxembourg and the United Arab Emirates.
The sale will allow Two Chicks to benefit from being part of a larger group with the resources and status to help the company grow. This will also include expanding its product range, exploring new markets, and increasing the global reach of its products by building on its existing international presence.
The current Two Chicks team will remain in place, led by the founders Anna Richey and Alla Ouvarova, who continue as shareholders.
Mark Lynch, partner at Oghma Partners, said: “It has been a real pleasure working with Anna and Alla and the Eurovo team. Finding a buyer that offers such a good fit for the business and enhances its growth opportunities is very satisfying.”
Richey and Ouvarova added: “We are delighted to become part of the Eurovo family business, which clearly shares the same values, passion and spirit as our own.
“Furthermore, we look forward to benefitting from Eurovo’s extensive and diverse production capabilities, along with their geographical reach and scale, which will enable us to achieve common goals including exciting new product development.”
