The Grocer magazine – 28 October 2013

Damian Thornton: Stamford’s deal driver (by Guy Montague-Jones) With trade, private equity and overseas players all looking to make M&A investments in the food and drink sector, it’s looking like another strong year for the corporate finance brigade. And none more so than Stamford Partners, which has worked on seven deals worth about £750m in the year to date, including …

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Whitworths acquired by Equistone

On 11th September 2013 our client, European Capital, announced the sale of Whitworths to Equistone for £90 million, realising proceeds of c£60 million. Whitworths is a UK based supplier of branded and private label wholefoods such as dried fruit, nuts and seeds. It is the clear category leader in the UK’s healthy snacking and home baking markets, both of which …

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Rutland Partners invests in Bernard Matthews

On 3rd September our client, Rutland Partners, the specialist turnaround and restructuring investor, announced the completion of a major investment in Bernard Matthews to support the future growth and development of the business. Bernard Matthews is the market leading producer of turkey in the UK, operating across 50 farms and 4 processing facilities, handling circa 7 million birds per annum. …

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Investcorp acquires Tyrrells

On 1st August 2013, our client Investcorp acquired Tyrrells Potato Crisps, a leading UK manufacturer of premium hand cooked potato and vegetable crisps and snacks, from Langholm Capital for £100 million. Founded at Tyrrells Court Farm, Herefordshire, in 2002, Tyrrells has grown its UK distribution rapidly and has also expanded internationally, with markets such as Germany, France, the Netherlands and …

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Atlantic Foods Group acquired by Flagship Food Group

On 22nd May, our client Atlantic Foods Group Ltd, a leading supplier and manufacturer of menu solutions to the UK foodservice market with annual sales in excess of £50 million, was acquired by the USA based company Flagship Food Group LLC. Flagship Food Group has an annual turnover in excess of $200 million supplying frozen, shelf-stable, and fresh products into …

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Ella’s Kitchen combines with Hain Celestial

On 2nd May, our client Ella’s Kitchen Group Limited, the multi-award winning British baby food business, announced its acquisition by The Hain Celestial Group Inc, a leading natural and organic consumer products company, and the owner of Earth’s Best, the pioneering US brand of organic baby food products with sales of over US$150m. The combination of Ella’s Kitchen and Earth’s …

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Sale of Finsbury Food Group’s Free From Foods business to Genius Limited

Our client, Finsbury Food Group plc, a leading manufacturer of cake, bread and bakery goods, announced today the sale of its Free From business to Genius Foods Limited for a total value of approximately £21 million.  The sale will transform Finsbury’s balance sheet and allow the Group to focus on growing its core cake and bread businesses, to further develop …

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Innocent and Coca-Cola agree deal for further investment

Many congratulations to our clients, the founders of Innocent, for the sale of the bulk of their remaining stake to Coca-Cola, announced in February 2013. The sale represented the final stage of a journey which began in 2009 when Coca-Cola made a minority investment into the company. Since then Innocent has continued to flourish with Coca-Cola’s support – in particular …

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