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.
Exit from Main Fund V comes three years after the GP acquired the Germany-based procurement technology company
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Lucie Cawood's appointment follows poaching of Ian Shawyer by Cleary Gottlieb earlier this month
New entrants scared by remarks on limiting profits; existing investors expected to rush to complete bolt-ons