Tue, 08 Sep 2015 | BUSINESS SALE
The Quorn business is up for sale with a price tag of £500 million, with full information due to be released next week (14 September).
The company is owned by Exponent, who have brought in advisers to oversee the sale of the business with a number of private equity buyers already expressing interest, including Cinven, KKR and BC Partners.
Other operators within the food manufacturing business are also rumoured to have expressed an interest. WhiteWave, an American company and one of the world's largest producers of plant-based foods, are expected to keep an eye on developments, along with Nestle and the owner of Birdseye, Findus and McCain: Nomad Foods.
Quorn is a British success story. It was founded back in 1985 in North Yorkshire and managed to capitalise on health trends as consumers sought convenient alternatives to meat. It has more recently benefited from celebrity endorsement with Mo Farah working as brand ambassador; a move which could well have helped Quorn record a seven per cent increase in sales last year.
The plans for a sale come after the company announced back in March this year that it was planning a £40 million investment to drive its expansion and pursue its ambition to “transform Quorn into a $1 billion business, four to five times its current size”.
View more food businesses for sale.
Offers a variety of services including domestic assistance, medication administration, companionship and palliative care, as part of a 24/7 service. Care Quality Commission with a rating of ‘Good’ in all domains. Contractually provides its services t...
LEASEHOLD
Currently operates from a number of restaurants, all of which are situated in prominent trading locations and benefit from high levels of footfall. Long-standing brand with a multitude of excellent reviews online. All dishes are prepared in store by...
FREEHOLD
Specialises in commercial landscaping, maintenance, restoration and ecology services. Has won multiple awards throughout its time in operation. Embraces works of all sizes and complexities, undertaking a diverse range of projects and working to ensur...
LEASEHOLD
|
09
|
|
Dec
|
Scunthorpe construction group call in administrators | ADMINISTRATION
Scunthorpe-based Clugston Group and Clugston Construction ha...
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
Sign up to receive our acquisition alert emails to get your FREE guide
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
16
|
|
Feb
|
Deal for Big Bus Tours expected soon | BUSINESS SALE
The founders of the open-top sightseeing tours company Big B...
|
04
|
|
Feb
|
Rosemary Conley's businesses enter administration | ADMINISTRATION
Two related companies - Rosemary Conley Food and Fitness Ltd...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources