Big Lolly: Valeo purchase of the British firm of chocolates for 100 million pounds

  • Big Lolly: Valeo purchase of the British firm of chocolates for 100 million pounds
    Independent.t. E.
    Valeo foods, the Irish food business is owned by CapVest Seamus Fitzpatrick, the purchase of confectionery products in the UK over the £ 100m (€112M).
    https://www.independent.ie/business/irish/a-lot-of-lolly-valeo-buying-uk-sweets-firm-for-100m-37205120.html
    https://www.independent.ie/business/irish/article37205119.ece/0a93a/AUTOCROP/h342/2018-08-11_bus_43194223_I1.JPG

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Valeo foods, the Irish food business is owned by CapVest Seamus Fitzpatrick, the purchase of confectionery products in the UK over the £ 100m (€112M).

Buy tangerine confectionery will see well-known sweet brands, such as Dip DAB, fruit salad and Blackjack under the control of Valeo.

He was Fox glacier mints and puppets in its portfolio after buying the confectionery business under the name big bear from the Finnish company Raisio.

“Sky news” in which it was reported that the Valeo-tangerine the deal, said it was likely that big bear and Mandarin enterprises will be merged.

The seller of tangerine is private equity giant Blackstone. Valeo declined to comment.

The deal will bring annual income of Valeo to € 900m. The company owns the brands of food products in Europe, with Illy in Italy in its portfolio, along, site, odlums, Batchelors, Kelkin, Robert Roberts and others.

CapVest has a majority stake in the business through the Fund is managed by known as CapVest Fund II. The Fund also had interest in CapVest Private Mater, which was recently sold Infravia. CapVest is currently raising a fourth Fund known as Fund IV for which he plans to attract in the region of 1 billion euros. As reported, attracted a number of pension funds in the table for this Fund. His investment strategies tend to focus on the so-called uncontrolled sectors like food and health care. The idea is that these areas, which will always be in demand due to the nature of the goods.

Mr. Fitzpatrick recently performed a transaction in which the investors Fund II was given the opportunity to sell their interests in the U.S. private equity business. Investors were offered the chance to roll their interests into a new vehicle, designed to maximize the value of the remaining assets of the Fund Mater of shares that are currently sold, and if the Valeo.

Other companies in Mayfair on the basis of past or present portfolio CapVest include punch taverns, pork producer Karro and coffee distributor coffee organization.

Belturbet man Mr Fitzpatrick was in 144th place in the list of the richest people in the ‘Sunday independent’ 2018, with a fortune of €107 m.

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