Valeo brands includes Odlums and Jacobs.
Valeo Foods was sold during the week to BAIN Capital Private Equity by owner CapVest for an undisclosed sum, subsequently reported to be over €1.7bn.
Valeo owns brands well known to Irish farmers such as Odlums, Jacobs, and Kettle (crisps).
The company was up for auction since January, with three bidders in play.
Since CapVest developed the business in 2010, Valeo has grown from a purely Irish business with sales of €200m to a business with more than €1.1bn in sales that operates in 106 markets.
The company employs more than 4,000 people across the UK, Italy, Czech Republic, the Netherlands and Germany.
10th May 2021
Valeo Foods, the owner of a host of well-known food brands such as Kettle, Rowse, Jacob’s, Barratt, and Balconi, has been acquired by US private equity giant Bain Capital in a deal thought to be worth more than €1.7bn.
It was revealed at the start of this year that the Irish firm’s owner CapVest had appointed Goldman Sachs to oversee a sale following the food makers strong performance during the pandemic.
Dublin-headquartered Valeo was formed in 2010 when CapVest acquired Batchelors and Origin Foods. It has since made nearly 20 acquisitions, with its product portfolio now spanning snacks, confectionery, baking and meal ingredients, generating revenues of over €1bn.
Valeo Foods and Confectionery acquired by Bain Capital By Anthony Myers Bain Capital Private Equity, a leading global private investment firm, announced it has signed a definitive agreement with CapVest to acquire European ambient foods company Valeo Foods.
Valeo Foods Group, which includes British classic confectionery brands Barratt, Fox s, Poppets and XXX Strong Mints in its portfolio, has been sold, subject to approval, to Bain Capital Private Equity.
Established in 2010 and headquartered in Dublin, Ireland, Valeo’s portfolio also includes iconic brands like Jacobs, Rowse, Kettle, Odlums, and Balconi, many of which have histories that stretch back as far as 150 years.
Bain Capital acquires Dublin-based Valeo Foods rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Valeo Foods under new ownership
Kettle Crisps and Jacobs biscuits owner Valeo Foods Group has been acquired by US private-equity firm Bain Capital for an undisclosed sum.
Bain, has bought the Ireland-based business, which also counts Rowse honey and Balconi cakes among its brands, from fellow investment firm CapVest.
Seamus Kearney, the group CEO of Valeo, will continue to lead the business with the existing management team under the new owners.
He said: This 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. Bain Capital s deep knowledge and heritage in innovation and investment in the food and grocery sectors means this is great news for our business and our people.