
Exponent to acquire East End Foods
Exponent Private Equity has agreed to acquire a majority stake in Asian ingredients supplier East End Foods.
The firm is currently raising funds for its Exponent Private Equity Partners IV vehicle, which has a target of £1bn. The firm's third-generation vehicle was fully deployed as of March 2019.
The company hired Rothschild to run an auction for the business, said East End Foods director and co-owner Jason Wouhra. Prior to the sale, the company was said to have a valuation of 9-10x EBITDA, according to Unquote sister publication Mergermarket.
East End Foods generated £191m in revenues and £9.2m in operating profit in the year ending in April 2018.
Company
Founded in 1972, East End Foods is a producer and wholesaler of spices, lentils, pulses and rice. The company is headquartered in West Bromwich.
People
East End Foods – Jason Wouhra (director).
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