M&A Deal Summary

Growth Capital Partners Acquires Tangerine Confectionery

On January 1, 2006, growth capital firm Growth Capital Partners acquired food company Tangerine Confectionery for 58M GBP

Acquisition Highlights
  • This is Growth Capital Partners’ 2nd transaction in the Food sector.
  • This is Growth Capital Partners’ 0th largest (disclosed) transaction.
  • This is Growth Capital Partners’ 10th transaction in the United Kingdom.
Investment Fate
  • Tangerine Confectionery was sold to a consortium of financial buyers in 2011 for 115M GBP.
  • Tangerine Confectionery was sold to a strategic buyer in 2018 for 100M GBP.
  • Tangerine Confectionery was sold to a strategic buyer in 2022 for 100M GBP.

M&A Deal Summary
Date 2006-01-01
Target Tangerine Confectionery
Sector Food
Buyer(s) Growth Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 58M GBP

Target

Tangerine Confectionery

Pontefract, United Kingdom
Tangerine Confectionery is engaged in the production of sugar confectionery and popcorn in the United Kingdom. The company is the largest manufacturer of private label sugar confectionary in the United Kingdom and owns a number of heritage brands, such as Barratts, Henry Goode's, Wham and Butterkist, the number one popcorn brand in the United Kingdom.

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Buyer(S) 1

Buyer

Growth Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
PE ASSETS 250M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Growth Capital Partners LLP is a private equity firm that seeks investments in small to mid-sized UK based businesses. GCP provides both debt and equity capital for profitable companies with strong growth prospects and experienced management teams. The Firm typically looks to invest £5m - £50 million. Specific areas of interest include business support services, leisure, transport and distribution, consumer products and specialist engineering. Types of transactions include MBOs, growth capital financings, and secondary or tertiary buyouts. Growth Capital Partners formerly known as Close Growth Capital was spun out of Close Brothers Group plc and became independent in 2009. Growth Capital Partners LLP is based in London.

DEAL STATS #
Overall 11 of 43
Sector (Food) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 10 of 12
Country (United Kingdom) 10 of 41
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Entec UK

Knutsford, United Kingdom

Entec UK Ltd is a environmental and engineering consultancy with 14 offices throughout the UK.

Buy £30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-27 Allen & Heath

Cornwall, United Kingdom

Allen & Heath is a designer and manufacturer of professional audio mixing equipment. It has a niche market position and a strong track record in developing innovative products. Its core products are mixing consoles for live sound venues, professional DJ mixers and sound controllers for building installations. Allen & Heath was founded in 1969 and is based in Cornwall, United Kingdom.

Buy £9M
Mergr

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