
Langholm Capital exits Bart Ingredients
London-based mid-market specialist Langholm Capital has sold spices manufacturer Bart Ingredients to German spice producer Fuchs Group after a seven-year holding period.
Langholm acquired the spice manufacturer in a management buyout in May 2010 via its second fund.
Langholm focuses on buyouts, and debt and equity financing transactions of mid-market private companies.
In August 2013, the GP sold UK-based crisps and snacks maker Tyrrells Potato Crisps to Investcorp for £100m.
The firm purchased Bart Spices via its Capital Fund II, which closed in November 2011 on £151.6m, short of its initial target of £329.5m.
Company
Founded in 1963, Bart Ingredients is headquartered in Bristol. It offers branded as well as private-label products for the UK retail market. It employs a staff of around 180 and posted revenues of £25m in 2016.
People
Langholm Capital – Bert Wiegman (managing partner).
Bart Ingredients – David Collard (CEO).
Advisers
Company – TLT (legal).
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