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.
- 3 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Sir David Attenborough interview: The one question about life that still baffles him
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...