Bahrain-listed alternative investment manager Investcorp has won the race to buy crisps and snacks maker Tyrrells Potato Crisps for £100m from mid-market firm Langholm Capital.
Back in June it was reported that Belgian family-
owned investment company Verlinvest was in pole position to buy the company.
Since its launch in 2002 Tyrrells has grown its business in the UK and expanded internationally with Germany, France, the Netherlands and North America and other overseas markets currently representing a fifth of its revenues. Langholm bought the business in 2008 andhelped it expand into in France, Holland, Switzerland and Austria.
Investcorp principal Carsten Hagenbucher said, “The premium snacks market is very dynamic and attractive. Tyrrells’ offering is unique and the business has an excellent position in the UK and a rapidly growing international footprint.
“We are excited about partnering with Tyrrells’ entrepreneurial management team to accelerate the international expansion and to build a world-class business.”
AltAssets previously reported that Langholm had hired corporate finance group McQueen to explore a potential sale, with first round bids submitted back in May.
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