M&A Deal Summary

CapVest Acquires Karro Food Group

On March 27, 2017, private equity firm CapVest acquired food company Karro Food Group from Endless and Elaghmore

Acquisition Highlights
  • This is CapVest’s 6th transaction in the Food sector.
  • This is CapVest’s 3rd transaction in the United Kingdom.
Investment Fate
  • Karro Food Group was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2017-03-27
Target Karro Food Group
Sector Food
Buyer(s) CapVest
Sellers(s) Endless
Elaghmore
Deal Type Secondary Buyout

Target

Karro Food Group

Malton, United Kingdom
Karro Food Group is a vertically integrated British pork producer. Karro supplies fresh pork and cured, cooked, and frozen meats to retail, foodservice and manufacturing customers and key export markets including the US and China. Karro Food Group is based in Malton, United Kingdom.

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Buyer(S) 1

Buyer

CapVest

London, United Kingdom
Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.

DEAL STATS #
Overall 12 of 23
Sector (Food) 6 of 9
Type (Secondary Buyout) 8 of 15
Country (United Kingdom) 3 of 9
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 IBA Molecular Imaging

Dulles, Vermont, United States

IBA Molecular is a global developer, manufacturer and distributor of radiopharmaceutical products and supporting services used in molecular imaging. IBA Molecular has engineered a strong and unique product portfolio and pipeline of diagnostic and therapeutic tracers aimed at advancing the development of the global movement towards personalized medicine and making molecular imaging/therapy a major discipline in healthcare. The company also provides educational, technical and marketing support to medical specialists worldwide to help better respond to patient needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 NextPharma Technologies

London, United Kingdom

NextPharma Technologies is a pharmaceutical contract development and manufacturing organization serving worldwide markets. NextPharma provides a full range of pharmaceutical services across the entire supply chain, including pharmaceutical development, clinical trial services, analytical services, commercial manufacturing and packaging, generic dossiers, and licensing. NextPharma Technologies was founded in 2000 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.

DEAL STATS #
Overall 22 of 46
Sector (Food) 3 of 3
Type (Secondary Buyout) 2 of 3
Country (United Kingdom) 22 of 46
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 Jones Bootmaker

Coalville, United Kingdom

A Jones & Sons Ltd. is an owner and operator of footwear retailer stores. A Jones & Sons Ltd. was established in 1857 and is based in Coalville, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Affinity Workforce

Birmingham, United Kingdom

CER Staffing Solutions Ltd. is staffing solution provider. Affinity Workforce major public sector recruitment specialists across Education, Healthcare and Social Care. CER Staffing Solutions Ltd. was founded in 2017 and is based in Birmingham, United Kingdom.

Buy -
SELLER

Elaghmore

Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 60M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Elaghmore is a private equity firm focused on small to mid-sized industrial companies across the UK. The Firm seeks businesses with leading market positions, unique products or services, and significant opportunities for growth. Elaghmore invests in a variety of industries including food, manufacturing, and retail. Elaghmore was founded in 2004 and is based in Royal Leamington Spa, England.

DEAL STATS #
Overall 2 of 3
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 B&B Blending

Northglenn, Colorado, United States

B&B Blending manufactures a full line of quality vehicle reconditioning, car wash products, janitorial, and industrial cleaning products; supplied nationally through a network of successful private label distributors. B&B Blending is based in Northglenn, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Kesslers

London, United Kingdom

Kesslers is a provider of permanent point of purchase (POP) displays and retail merchandising solutions. Kesslers International was founded in 1893 and is based in London, United Kingdom.

Buy -
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