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By Edward Devlin2021-04-09T09:40:00+01:00 CapVest has sold Eight Fifty Food to Canadian giant Sofina for about £1.2bn, less than two years after creating the group. How has it managed it? Plant-based pioneers have continued a seemingly unstoppable assault on the meat industry this year as they lure away more consumers with alternative sources of protein. And as each week brings yet more headlines of money pouring into vegan brands, you could be forgiven for thinking investors had forgotten about old-fashioned meat processors. So, the surprise takeover of Young’s and Karro owner Eight Fifty Food Group by Canada’s Sofina Foods, in one of the biggest food deals of 2021 so far, is a timely reminder the battle to provide shoppers with protein is by no means a one-sided fight.

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