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M&A Deal Summary

Sofina Foods Acquires Karro Food Group

On April 1, 2021, Sofina Foods acquired food company Karro Food Group from CapVest

Acquisition Highlights
  • This is Sofina Foods’ 7th transaction in the Food sector.
  • This is Sofina Foods’ 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-04-01
Target Karro Food Group
Sector Food
Buyer(s) Sofina Foods
Sellers(s) CapVest
Deal Type Add-on Acquisition

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

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 7 of 7
Sector: Food M&A 7 of 7
Type: Add-on Acquisition M&A Deals 6 of 6
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 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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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 10 of 11
Sector: Food M&A 6 of 7
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 4 of 4
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Valeo Foods

Dublin, Ireland

Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.

Sell -
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