News

Greencore sells cakes and desserts business to Bright Blue Foods

Our client, Greencore Group plc (‘Greencore’), the leading international convenience food business, today announced that it has reached an agreement to sell its cakes and desserts business in Hull to Bright Blue Foods Ltd (‘BBF’), one of the UK’s leading ambient cake manufacturers. BBF was acquired in September 2015 by private equity investor, Endless LLP. The combined company will have …

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Sale of Monviso to Cerea Capital

On Friday 19th January, our client, PM & Partners, announced the sale of the Italian manufacturer of bakery products Monviso, to Cerea Capital, the French private equity investor. Monviso is a leading Italian manufacturer of bread alternatives including rusks, crispbread, breadsticks and pastry with an increasing focus on health and wellness (eg gluten-free, low-salt, no added sugar, palm-oil free). Products …

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Sale of Froosh to Fazer Group

Today Fazer Group announced the acquisition of Froosh AB, the leading Nordic smoothie brand, from our client, Unilever Ventures. Fazer Group is an international family-owned company offering quality bakery, confectionery, biscuit and grain products as well as food and café services. The acquisition of Froosh is a perfect strategic fit for Fazer’s future growth and internationalisation plans, supporting its expansion …

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Sale of Bart Ingredients to Fuchs Group

On 19th October 2017, it was announced that our client, Langholm Capital LLP, had sold portfolio company, Bart Ingredients, to Fuchs Group, Germany’s largest spice producers, for an undisclosed sum. Bart Ingredients is the second largest branded herbs and spices company in the UK. Founded in 1963, the Bristol-based company specialises in the production of cooks ingredients, including herbs, spices, …

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Flamingo Horticulture acquires Butters Group

On 18 September, our client, Flamingo Horticulture Group (“Flamingo”), a portfolio company of Sun European Partners, acquired Butters Group, a leading UK-based supplier of indoor and outdoor plants and flowers for an undisclosed consideration. The Butters Group has an operation in Spalding, Lincolnshire with over 300 staff working across their flower, plant and nursery divisions. Butters has operated highly successfully …

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Moy Park acquired by Pilgrim’s Pride Corporation

Our client, Moy Park, announced today that it was acquired by Pilgrim’s Pride Corporation (Pilgrim’s Pride), the leading US-based poultry and prepared foods supplier, from JBS S.A. for an enterprise value of c£1.0bn. Moy Park is one of the UK’s top 10 food companies, Northern Ireland’s largest private sector business and one of Europe’s leading poultry producers. With 13 processing …

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William Jackson sells MyFresh Wigan to Agrial

Our client, William Jackson Food Group, today announced the sale of the Wigan-based fresh prepared salads business of MyFresh Prepared Produce (MyFresh Wigan) to Agrial, the French diversified cooperative and owner of the leading Florette brand. MyFresh Wigan is a leading supplier of fresh prepared salads in bags, bowls and bulk to convenience, Quick Service Restaurant (QSR) and industrial customers. …

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Tangerine Confectionery sells Butterkist to KP Snacks

Our client, Tangerine Confectionery, a portfolio company of The Blackstone Group, today announced the sale of its popcorn business, Butterkist to KP Snacks, part of the Intersnack Group, Europe’s leading producer of savoury snacks operating in around 30 European countries. Butterkist, an iconic brand with a 100 year old heritage, is the clear number one popcorn player in the UK’s …

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Oerlemans Foods sells potato division to Lamb Weston / Meijer

Our client, Oerlemans Foods, a portfolio company of H2 Equity Partners since 2014, has sold its potato division to Lamb Weston / Meijer, including the sale of the frozen potato processing facility in Broekhuizenvorst with a production capacity of approximately 85,000 tons. Oerlemans is a producer and supplier of freshly frozen vegetables, fruit and potato products. In addition to its …

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Acquisition of Grenade by Lion Capital

On 6 March, our client, Lion Capital, acquired Grenade, a fast-growing player in the active nutrition and sports nutrition categories for £72m. The UK sports nutrition market has experienced double digit growth in the past 10 years, and has transitioned from niche to mainstream, largely driven by the increased consumption of high protein products. Between 2010 and 2015, the number …

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