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The Food and Drink Business
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A provider of systems that measure sales of draught drinks in pubs has bought a majority stake in a rival firm. Brulines bought 66 per cent of Coin Metrics, a wireless data specialist whose technology allows the amusement and gaming industries to monitor the financial performance of their machines.
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A company that manufactures and supplies seafood products to the retail and foodservice sectors has expanded its offering after buying one of its Northern Irish rivals.
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Administrators are confident that troubled fresh food producer Bomfords Group will be sold after receiving a “large” number of enquiries about the business.
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Snack foods and confectionery group Zetar has bought Britannia Biscuits Company in a deal that could be worth £27.7 million.
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Food Partners, a pre-packed sandwich manufacturer, has strengthened its business in the food service sector after buying one of its rivals.
Entrepreneurs
After taking Pizza Express into the FTSE 250, David Page is once again building national restaurant chains such as Gourmet Burger Kitchen and The Bombay Bicycle Club. The new business is called Clapham House and it's one of Britain's fastest-growing companies.
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Restaurant chain Giraffe has received a £10 million investment from private equity firm 3i which will be used to develop the Giraffe brand nationally in the next three years.
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Octopus Asset Management – operator of the BioScience, Phoenix and Eclipse series of venture capital trusts – has invested £3 million in Perfect Pizza, the UK’s third largest pizza delivery outfit.
Entrepreneurs
Paramount 21 is a labour of love for its chairman, Alison Hannaford. Not only does her passion for food underpin her considerable enthusiasm for the business, but there is also an deep-seated emotional involvement.
Entrepreneurs
Despite knowing nothing about food retailing, the manufacturing industry or even home cooking, Preet Grewal and Praveen Vijh have created the fastest-growing cereal bar brand in the UK. GrowthBusiness reports on a duo that are giving the giants of the food trade a run for their money.
Entrepreneurs
William Kendall turned his back on the army, the legal profession and investment banking to be the driving force behind the business success story of Green & Black’s chocolate, yet he doesn’t consider himself to be an entrepreneur.
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Fish restaurants chain Loch Fyne has agreed to a management buyout led by chief executive Mark Derry. The deal, which values the concern at £21.8 million, has been backed by Hutton Collins Mezzanine Partners.