UK private-equity group Equistone is understood to have put Whitworths, the country’s largest supplier of dried fruit, nut and seed products, up for sale. 

According to a source familiar with the matter, Equistone has appointed M&A and capital markets advisory group Houlihan Lokey to oversee the process.

Representatives for Equistone declined to comment. However, Whitworths confirmed it is “currently in a process with Houlihan Lokey” that is “exploring new investment opportunities”. 

In a statement, the company said: “This investment will support our ambitious plans for growth. We are actively looking to expand our geographical reach and continue to introduce fresh innovation into the market.

“We expect this process to continue to develop over the coming months and are not in a position to provide any further information at this stage.”

Equistone purchased a majority stake in Whitworths in 2013 from European Capital in a transaction valuing the business at GBP90m (US$115.3m)

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.