Candover has extended the acceptance period for its EUR 1.5 bn Stork bid until September 18 in the face of shareholder opposition. LME Eignarhaldsfelag ehf, a holding company of Icelandic food processing group Marel , has recently raised its stake in Stork to over 43 percent, and has announced that it does not intend to tender its shares. Marel has long been trying to acquire Stork's food systems unit with no success.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Voalcom Group, an Apax Partners portfolio company
Transaction is said to value the company at £600-700m