Private equity groups may be seen as asset-stripping predators but Langholm Capital clearly believes it is representative of a different breed, and its recent track-record in the food industry appears to back that up. In...
Private equity group Langholm Capital has bought a majority stake in upmarket UK crisp maker Tyrrells.
Dorset Cereals, the UK cereal maker, has been bought by Wellness Foods, a health food group backed by horseracing tycoons JP McManus and John Magnier.
The growing influence of private equity groups (PEGs) has become a major talking-point in the food industry, as it has in so many other sectors. Chris Brook-Carter asks if the growth in PEG activity represents a return to the excesses of the 1980s, or whether they serve a useful function in helping to revive failing companies and provide a necessary investment vehicle for capital.
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