Produce Investments acquired by Promethean Investments

On November 19th 2018, our client, Produce Investments plc (“PI”) , announced that the offer made for it by Promethean Investments had been declared unconditional in all respects. Promethean Investments, a private equity firm specialising in early venture and lower middle market PIPE investments, through one of its subsidiaries, has agreed to pay 193.0 pence per each PI share in …

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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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Sale of Moy Park to 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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Finlays agrees sale of Horticulture Division

Our client James Finlay Limited (“Finlays”) has signed a definitive agreement to sell its Horticulture business, Finlays Horticulture Investments (“Finlays Horticulture”) and its subsidiary companies to an affiliate of Sun European Partners, LLP (“Sun”) for an undisclosed sum. Finlays Horticulture is a world class scale, vertically integrated horticultural business active in the growing, processing, marketing and distribution of sustainably produced …

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Sale of Van Geloven to Towerbrook Capital

Our client, Lion Capital has today announced the sale of Van Geloven, the Netherlands-based frozen food producer with leading positions in the Netherlands and Belgium, to TowerBrook Capital Partners L.P. (“TowerBrook”) together with management. Tilburg-based Van Geloven supplies a full range of frozen convenience snacks and foods across a diverse brand family, including the iconic Mora brand – the most …

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Rutland Partners acquires Bernard Matthews

Rutland Partners has completed a major investment 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 …

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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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Sale of Cranberry Foods to Faccenda Group

On 1st May, our client, Cranberry Foods, was acquired by Faccenda Group, one of the UK’s leading poultry suppliers. Cranberry Foods, the UK’s second biggest turkey producer, supplies the UK’s leading supermarkets, and food service sector. The company has 750 employees and a turnover of c£100m. Its factory sites include processing plants in Scropton, Derbyshire and Abergavenny, South Wales while …

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Sale of Pinneys of Scotland

Our client Uniq has sold Pinneys of Scotland, one of the UK’s largest processors of Scottish salmon and holder of the Royal Warrant to supply smoked salmon to the Queen, to The Seafood Company, part of the Findus Group.

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