PE-backed Wellness Foods to sell Dorset Cereals

ABF currently owns Jordans cereal and Ryvita, alongside Primark and several other consumer brands.

In 2008, Lydian supported its portfolio company Wellness Foods in the £50m management buyout of Dorset Cereals from Langholm Capital, according to unquote" data. Debt was provided by a syndicate of banks in the UK and Ireland.

Exiting investor Langholm realised a 4x money multiple from the sale, according to the unquote" database. Langholm had acquired Dorset Cereals in 2005 via a management buy-in.

The transaction is subject to regulatory approval. Until approval is achieved, Dorset Cereals will continue to operate as part of Wellness Foods.

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• Topics
• UK / Ireland
• Consumer
• United Kingdom