The UK's Peter's Food Service, a manufacturing and food service distributor of pastry products, has been bought by private equity investors' NBGI, who paid GBP 20 million for majority ownership combined with an equity stake from the current management.
Burton’s Foods, the UK's second largest biscuit manufacturer, announced it will slash up to 660 jobs just two months after the company was acquired by the private equity fund Duke Street Capital.
“The company behind Wagon Wheels and Jammie Dodgers was yesterday snapped up by Duke Street Capital, the private equity firm, in an estimated £210 million deal. Duke Street saw off competition from Jacob Fruitfield Food Group, the Irish owner of Jacob’s Fig Rolls and Jacob’s Cream Crackers, in the final round of bidding to seal a deal with Burton’s Foods, Britain’s second-biggest biscuit maker. “
Continue reading: ‘Private equity firm takes Burton’s biscuits with £210m purchase’, The Times, 19 March 2007.