Candover trumped by Hicks Muse in Hillsdown auction
Article Abstract:
Leveraged buyout house Hicks Muse Tate & Furst has made a successful bid of $1.3 billion for food and drink concern Hillsdown Holdings, fighting off competition from Candover, Alchemy Partners and another European private equity provider. This deal has had a very negative impact on Candover, which failed to establish its stake quickly enough. The existing management team will remain in place, and Hicks Muse will assist Hillsdown in completing its disposal programme.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Guinness and Grand Met in mega-deal league
Article Abstract:
The proposed merger between food and drink companies Grand Metropolitan PLC and Guinness PLC will result in a powerhouse worth around 24 billion pounds sterling. The new company, to be called GMB Brands, will be the world's seventh largest food and drink company and will be a leading producer of vodka, whisky and gin. The deal, which requires regulatory approval, is being managed SBC Warburg for Grand Metropolitan and Lazard Brothers for Guinness.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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Lyndale Foods satisfies Goodwin's hunger
Article Abstract:
HSBC Private Equity's Manchester office was the deal leader in the institutional buyout of Lyndale Foods from Warburtons. There are plans to invest in the business and develop it along similar lines established by Warburtons. The buyout team was led by John Jesky, who has experience and contacts within the food industry.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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