By Edward Devlin2021-02-04T16:38:00+00:00
Reports indicate a £1.5bn price tag on Valeo Foods – but is the timing right for a sale?
Timing is everything. And CapVest may have picked the perfect moment to hire bankers to attempt a sale of Valeo Foods. Momentum is picking up in M&A activity, valuations are high, private equity is cash rich, debt markets are favourable and Covid has put the wind behind the sails of large consumer groups.
If reports are accurate, advisor Goldman Sachs is hoping to hang a €1.7bn (£1.5bn) price tag on the ambient food group behind brands as diverse as Kettle, Rowse, Jacob’s and Balconi.