M&A Deal Summary

Sofina Foods Acquires Eight Fifty Food Group

On March 29, 2021, Sofina Foods acquired food company Eight Fifty Food Group from CapVest

Acquisition Highlights
  • This is Sofina Foods’ 6th transaction in the Food sector.
  • This is Sofina Foods’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-03-29
Target Eight Fifty Food Group
Sector Food
Buyer(s) Sofina Foods
Sellers(s) CapVest
Deal Type Add-on Acquisition
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets) (Financial)

Target

Eight Fifty Food Group

North Yorkshire, United Kingdom
Eight Fifty Food Group is a supplier of both branded and own-label seafood and pork. The pork division is a leading processor and supplier of pork products across the UK and Ireland. The seafood division is a provider of chilled and frozen products across the UK, Germany, and France. Eight Fifty Food Group was formed in 2019 and is based in North Yorkshire, United Kingdom.

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Buyer(S) 1

Buyer

Sofina Foods

Markham, Ontario, Canada
Category Company
Founded 1931
Sector Food
DESCRIPTION

Sofina Foods Inc. produces and sells processed protein products for retail and foodservice customers in Canada and the United States.

DEAL STATS #
Overall 6 of 7
Sector (Food) 6 of 7
Type (Add-on Acquisition) 5 of 6
Country (United Kingdom) 1 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-16 Janes Family Foods

Mississauga, Ontario, Canada

Janes Family Foods Ltd. produces frozen breaded and battered seafood products for the foodservice industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 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.

Buy -

Seller(S) 1

SELLER

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 9 of 11
Sector (Food) 5 of 7
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 3 of 4
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Inspired Pet Nutrition

Thirsk, United Kingdom

Inspired Pet Nutrition is a pet food manufacturer based in North Yorkshire. IPN's Harringtons and Wagg brands, in addition to its value-added own label partnerships with the major grocers and pet specialty channels, combine to create an independent pet food platform . IPN works closely with farmers, suppliers, customers, nutritionists, and vets to supply high-quality, affordable pet food. Inspired Pet Nutrition was founded in Thirsk, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 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.

Sell -
Mergr

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