A&M Capital Europe’s (AMCE) acquisition of French halal food producer Isla Délice has come under scrutiny after its strategic partner, Alvarez & Marsal, established a cybersecurity subsidiary in Tel Aviv, a development first reported by specialist halal media outlet Al-Kanz.
AMCE announced the takeover of Isla Délice on September 1, 2025, acquiring the company from British private equity firm Perwyn. Days earlier, Alvarez & Marsal registered A&M Cyber Risk Services Ltd in Tel Aviv, positioning the unit within Israel’s cybersecurity ecosystem at a time of heightened regional conflict.
Al-Kanz reported that while AMCE and Alvarez & Marsal are legally separate entities, AMCE publicly describes its relationship with Alvarez & Marsal as a “strategic partnership,” granting the fund access to the consultancy’s operational expertise and global network. The outlet said this link has raised reputational concerns for Isla Délice, France’s largest halal brand, particularly among Muslim consumers sensitive to Israel-linked business activity.
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Muhammad Ali Bandial