Private Equity Firm Buys Gü Puds kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.
Noble Foods agrees Gü acquisition by Exponent Noble Foods has agreed to sell top premium chilled desserts brand Gü to Exponent for an undisclosed sum, as the private equity group claims the brand has significant global potential.
Mark Lynch, partner at corporate finance house Oghma Partners, said of Exponent: Looks like a good owner for the Gü business given their historic track record of successfully growing food businesses. We expect that Exponent will be looking to invest in the business to drive growth and turn the brand from a household name in the UK to a household name outside the UK - Europe and North America would be the initial obvious targets.
PE house Exponent signs agreement to acquire Gü Puds thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
By Edward Devlin2021-05-14T07:23:00+01:00
Top story
Poundland owner Pepco is has set its price in the upcoming Polish IPO at a discount, valuing the budget retail chain at $5bn (£4.3bn).
Steinhoff, the South African parent company of Pepco, set the price of shares in the flotation at 40 zlotys a piece (€8.82).
It puts the offer at the lower end of the range of 38 zlotys (€8.32) and 46 zlotys (€10.08), guided by the group earlier this month.
Pepco will look to raise about €700m from the sale of more than 80 million existing shares in the IPO, but has room to sell up to 92.5 million if demand allows.