NBGI Private Equity has completed the £20m management buyout of Peter's Food Service Ltd, a manufacturer and food service distributor of chilled savoury pastry products, from its private vendors. The deal represents the group's first from its second fund, which held a first close on £62.5m in July 2007 and is targeting a final close in excess of £100m. Debt was provided by Peter’s longstanding bankers Royal Bank of Scotland.
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