Ainsley's food manufacturer seeks advisers for fundraising
The private equity owner of Symington's, the Leeds-based maker of Campbell's soup, has held a beauty parade of investment banks for a fundraising.
Bridgepoint Development Capital has spoken to advisers at three investment banks this month about a refinancing to help it expand 185-year-old Symington's, which has revenue of £150m and sells the products of the chef Ainsley Harriott.
The dried-food manufacturer has been managed by the smaller buy-out arm of Bridgepoint since 2009, when it acquired the portfolio of assets from Hermes Private Equity. Bridgepoint declined to comment.
Symington's made the "most significant purchase in its history" when it acquired the Chicken Tonight and Ragu brands from the consumer goods giant Unilever for an undisclosed sum in September. This was the group's second acquisition in as many months after it bought the salad crouton brand La Rochelle in July.
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 The confessions of men who ordered mail-order brides
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 5 'Isis' schoolgirls: Missing British teenager tweets picture of her Syrian takeaway
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Power of Nepal earthquake was equivalent to 20 huge atomic bombs
Nepal earthquake video: Terrifying footage shows moment avalanche hit Everest Base Camp
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...
£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...