CapVest, the London private equity firm run by the Irish business magnet Seamus Fitzpatrick, is reportedly seeking to sell its Dublin-based Valeo Foods Group, run by Seamus Kearney.
Capvest did not comment when contacted regarding a report last week by Sky News that it had hired Goldman Sachs to advise on a sale of Valeo, whose brands include Kettle crisps, Jacobs biscuits and Bachelors beans.
A disposal could raise in the region of €1.7 billion, it is suggested.
CapVest is a leading international private equity investor that partners with ambitious companies supplying essential goods and services to transform their businesses. Recently, funds managed by CapVest Partners LLP has entered an agreement to acquire a leading SaaS provider for the mergers & acquisitions (M&A) industry, Datasite.
As an active and patient investor, CapVest has established a strong record of success in delivering attractive returns by working closely with management in transforming the size and scale of its portfolio companies through a combination of organic and acquisition led growth.
Valeo foods has a portfolio of leading brands in key categories including Snacking & Sweet Treats, Confectionery, Health & Wellness, Beverages, Baking & Meal Ingredients, Beverages and Food Service.
Source: Business Post
By Róisín Burke
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.