UK - KCP backs the £24m MBO of TSC Foods

Key Capital Partners (KCP) has backed the management buyout of soup and sauce manufacturer TSC Foods Limited in a ТЃ24m deal. KCP invested ТЃ6m for a majority stake in the business, while Yorkshire Bank's Corporate & Structured Finance team provided senior debt facilities of ТЃ11m. Exiting shareholders have also rolled over a proportion of their consideration into loan notes and equity in the newco.