Duke Street Capital portfolio company Food Partners, a supplier of pre-packed sandwiches has acquired Brambles Foods, another sandwich producer in a £22m buyout from NBGI. The deal has realised a return of 4.3x the original cost of NBGI's investment and an IRR of 52%. Duke Street Capital has held Heathrow-based Food Partners since April 2006.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m