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In 2015 CCI acquired Carroll Cuisine, doubling employee numbers from 150 to 325 today.
Irish private equity firm Carlyle Cardinal Ireland (CCI), which operates Carroll Cuisine has agreed the sale of the company to Eight Fifty Food Group, a UK-based private equity firm.
The acquisition, terms of which are not being disclosed, is expected to be completed during the first quarter of 2021.
In 2015 CCI acquired Carroll Cuisine, completing a carve-out of the company from Aryzta AG, doubling employee numbers from 150 to 325 today. The Carroll Cuisine management team is led by CEO Kieran Carolan.
During CCI’s ownership, the company experienced strong growth, with turnover increasing by 50%, driven by investment in manufacturing capacity, innovation and new product development.
Eight Fifty Food Group, a company in the CapVest private equity portfolio, has agreed to acquire Carroll s Cuisine, the Tullamore-based ham maker, for an undisclosed sum.
The deal is the fourth for Eight Fifty since the pork-and-seafood company formed in 2019 with the merger of Northern Ireland s Karro Food Group and Young s Seafood, the UK s biggest specialist seafood brand.
Eight Fifty is buying the Co Offaly business from Carlyle Cardinal Ireland (CCI), a joint venture between Cardinal Capital and the Carlyle Group with a diverse portfolio of corporate and real estate interests. It follows the recent exit by CCI from AA Ireland.
Tullamore-based ham producer Carrollâs Cuisine has been acquired by Eight Fifty Food Group, a UK company controlled by private equity firm CapVest Partners.
The business was sold by Carlyle Cardinal Ireland (CCI) for an undisclosed sum. CCI had acquired the company in 2015 for â¬37.3 million and is believed to have made a return on its investment.
Carrollâs produces a range of cooked meats and convenience food, and employs 325 people at its site in Co Offaly. Its turnover has increased by 50 per cent over the past five years, driven by investment in manufacturing capacity, innovation and new product development.
The company is to be integrated into Eight Fiftyâs pork division and will expand its presence in the Republic following the acquisition of M&M Walshe in June 2020.
Derry’s Learning Pool acquires Remote Learner as part of US expansion
Learning Pool Group CEO Paul McElvaney. Image: Learning Pool
This is the fourth acquisition that the e-learning company has made in as many years.
As the ongoing pandemic drives demand for online learning solutions, Derry-based e-learning company Learning Pool is expanding its business.
The company announced that it is acquiring Remote Learner, a Colorado-based learning technology company that specialises in a learning management system.
The US business provides its tech to more than 300 customers, including recruitment giant Indeed as well as Royal Caribbean Group and Ultimate Kronos Group.