Irish maker of Jacobs and Batchelors sold to US firm irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Bain Capital has fought off other private equity bidders to acquire Dublin-based Valeo Foods from CapVest in a deal worth more than â¬1.7 billion.
Boston-based Bain, which was co-founded by former US presidential candidate Mitt Romney, won out over PAI Partners and Cinven in acquiring the owner of brands that include Jacobs biscuits and Batchelors baked beans.
âThis transaction is a very positive reflection of the quality of our business and all of our people. It is also testament to the passion and commitment CapVest, our management team and all of our colleagues have shown in continuously delivering best-in-class food products to our customers and consumers across our 106 markets,â said Seamus Kearney, Valeoâs chief executive.