CapVest to Sell Valeo Foods

May 12, 2021

Willkie advised CapVest Partners LLP on the sale of Valeo Foods, a leading international food manufacturer, to Bain Capital.

On May 10, Willkie client CapVest Partners announced it had signed an agreement for the sale of its portfolio company Valeo Foods to global private investment firm, Bain Capital. Willkie’s London office advised CapVest on the transaction.

Headquartered in Dublin, Valeo Foods Group is a leading international food manufacturing business that includes iconic food brands Rowse, Jacobs, Kettle, Barratt and Balconi. As a fast-growing consolidator in the food sector, the Pan European food business has expanded rapidly and grown annual net sales to approximately €1.1 billion for the 12 months through to March 2021, from less than €200 million in 2010. Founded in 2010, today Valeo serves 106 markets globally, produces more than 400,000 tonnes annually across its 24 manufacturing facilities, and employs more than 4,000 people.

Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $130 billion in assets under management.

The Willkie team was led by London partners David Arnold and Andrew Gray and also included partners Henrietta de Salis and Rahul Saha; and associates Autri Saha and Kristine Tabor.

The transaction remains subject to approvals by regulatory authorities.