Private equity firm Warburg Pincus has agreed to invest up to $1 billion in Global Eggs, valuing the multinational table egg producer at $8 billion.

The investment will be made through the Warburg Pincus Capital Solutions Founders Fund (WPCS FF). As part of the transaction, Allison Ross, principal at Warburg Pincus, will join Global Eggs’ board of directors.

Founded in 2018 by executive chairman Ricardo Faria, Global Eggs operates more than 50 farms across the US, South America and Europe, with over 45 million birds. The company produces conventional, cage-free, free-range and specialty eggs and expects to produce more than 15 billion eggs this year.

Global Eggs has expanded through a combination of organic growth and acquisitions. Its vertically integrated operations span pullet breeding, feed production, packaging and logistics.

Faria said: "In under a decade, we have scaled Global Eggs to become the largest multinational producer and distributor of table eggs, and with Warburg Pincus' investment and ongoing support, we will accelerate our next chapter of growth in both new and existing markets".

"We have proven our ability to execute in the United States, South America and Europe, and given Warburg Pincus' global reach, we believe they are the right partner to advance our long-term ambitions."

Gaurav Seth, managing director and head of Capital Solutions, Americas at Warburg Pincus, commented: "Ricardo is an exceptional entrepreneur and we were aligned with his vision from day one to build on the company's strong foundation in a category supported by durable demand."

Allison Ross, principal at Warburg Pincus, added: "Global Eggs has an exciting and significant opportunity ahead, and we look forward to leveraging our expertise to help the company enter new markets, drive efficiencies and strengthen its brands".