Duke Street Capital has acquired Burton's Foods from HM Capital. Duke Street saw off competition from the likes of 3i and Legal and General Ventures to win the £287m-turnover company in an estimated £210m deal. HM Capital had held Burton's since 2000 when it paid £130m to acquire it from Associated British Foods, beating a bid by Duke Street in the process.
Also backing the biotech startup were the Zürcher Kantonalbank and Greencross Medical Science Corp
Company plans to use the fresh capital to further expand, develop new features and scale up its team
EVentures, 468 Capital and HV Holtzbrinck back the round for the climate change mitigation app
Clessidra has been in negotiations for the acquisition of the Italian wine producer since February 2020