M&A Deal Summary

Key Capital Partners Acquires TSC Foods

On July 1, 2009, private equity firm Key Capital Partners acquired food company TSC Foods for 24M GBP

Acquisition Highlights
  • This is Key Capital Partners’ 1st transaction in the Food sector.
  • This is Key Capital Partners’ largest (disclosed) transaction.
  • This is Key Capital Partners’ 6th transaction in the United Kingdom.
Investment Fate
  • TSC Foods was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 2009-07-01
Target TSC Foods
Sector Food
Buyer(s) Key Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 24M GBP

Target

TSC Foods

Scunthorpe, United Kingdom
TSC produces and supplies high quality chilled and frozen sauces, soups, entrees and dressings to the retail and foodservice markets. TSC is a key supplier of private label soups and sauces to major food retailers, and is the supplier of choice for soups and sauces to a number of high-profile restaurant and pub chains. In 2008, TSC entered the branded chilled soup market through its development of the Glorious! fresh soup range, which is endorsed by celebrity chef Marco Pierre White.

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Buyer(S) 1

Buyer

Key Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 140M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Key Capital Partners is a private equity group focused on making smaller investments in profitable, growing, UK-based companies. Key looks to support companies across all sectors, providing £4 to £15 million of equity capital. Prospective transaction situations include management buyouts/buy-ins, development capital needs, acquisition financings, shareholder restructurings, and refinancings. Key Capital Partners was founded in 2007 and is based in Birmingham, UK with additional offices in Leeds and Cambridge.

DEAL STATS #
Overall 6 of 28
Sector (Food) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 10
Country (United Kingdom) 6 of 28
Year (2009) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-23 Sabotage Design

London, United Kingdom

Sabotage Design Ltd. designs and sells premium branded street fashion for men and women. Founded in the mid-90s by Will Rigg, Sabotage has grown Fly53 from a limited edition T-shirt collection into one of the UK's best-known independent fashion labels. Sabotage Design is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-27 Dwell Retail

Milton Keynes, United Kingdom

Dwell creates and sells furnishings that combine aspirational design with affordable pricing, and has carved a niche targeting affluent young professionals. Originally founded as a mail-order furniture business in 2003 by entrepreneur, Aamir Ahmad, the company has grown from a single site in Balham, London, into one of the UK’s most fashionable multi-channel furniture retailers.

Buy -
Mergr

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