Investec exits Big Bear Group

Investec exited the food company with an IRR of over 37%.

Founded in 2003, Big Bear Group is a producer of breakfast cereals and snack bars. The company employs about 250 people and has production sites in Leicester and Southall, London. Almost 70% of the company's sales are generated from breakfast and snack products, and 30% by confectionery. In 2010 Big Bear had a turnover of €65.1m, EBITDA of €13.6m and EBIT of €12.1m. The group owns brands including Sugar Puffs, Fox's Glacier, XXX Mints, Just Brazils and Harvest Cheweee.

Investec acquired Big Bear Group in 2003 and backed the add-on acquisition of Sugar Puffs in 2006. The asset management group has increased the company's EBIT from £1m to £12m via acquisitions and organic growth.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

 

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