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Through acquisitions, CapVest has bolted together two food groups: Valeo in ambient food and Eight Fifty Foods in protein. Yesterday, Eight Fifty Foods was sold to a Canadian buyer. What does the deal signify for Valeo?
Valeo’s sister company is Eight Fifty Food Group. Each were created by CapVest, the London private equity firm controlled by the Irish businessman Seamus Fitzpatrick. Each are food companies. As I wrote earlier this year, each were built by acquiring and bolting together smaller companies. Now the story is drawing to a close for Valeo and Eight Fifty. Eight Fifty us bening sold to Sofina Foods, a Canadian food group, for an undisclosed sum. Eight Fifty had been preparing for an IPO this year. Sofina intercepted the company before it hit the public markets. Though Eight Fifty and Valeo are…
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