3i acquires a Prize asset

Article Abstract:

There were a number of complex legal issues associated with the 57 million pounds sterling buyout of Booker Prepared Foods Group from Booker. For this reason, 3i, which backed the deal, took legal advice from Travers Smith Braithwaite. The London, England, office of 3i contributed 29 million pounds sterling to the deal. The new operation will be known as Prize Food Group, made up of WA Turner, Headland Foods, Buckingham Foods, Salaison Le Vexin and TMI Foods.

Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Contracts, Booker PLC, 3i Group PLC, Booker Prepared Foods Group

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Doughty Hanson cooks up an exceedingly good deal

Article Abstract:

Premier food company, Ranks Hovis McDougall Europe, is to be purchased by Doughty Hanson, a private equity company, with a view to expansion. The price of 1.1 billion pounds is subject to shareholders' and European regulatory approval.

author: Canovan, Cherry
Mergers & Acquisitions, Doughty Hanson and Company Ltd., Ranks Hovis McDougall PLC

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Loaves and fishes for the Fisher King

Article Abstract:

The background, career history and aims of Ian Taylor, new CEO at ABN AMRO Capital are discussed. His record of successful deals, such as the buyout of Bluecrest Seafood from Booker and its merger with Youngs, is examined.

author: Isaacs, Jonathan
United Kingdom, Officials and employees, Abstract, Interview, Taylor, Ian, Young's Seafood

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subjects list: Management, Mergers, acquisitions and divestments, Acquisitions and mergers, Food industry
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