Cerealto UK Acquires Hill Biscuits from LDC

July 31, 2024

Cerealto UK, a portfolio company backed by Davidson Kempner Capital Management and Afendis Capital Management, has acquired Hill Biscuits from LDC. Financial terms were not disclosed; Hill Biscuits, founded in 1855 and headquartered in Ashton-under-Lyne, Greater Manchester, employs about 350 people and more than doubled revenues to over £40m during LDC's seven-year partnership.

Buyers
Cerealto UK, Davidson Kempner Capital Management, Afendis Capital Management
Targets
Hill Biscuits
Sellers
LDC
Platforms
Cerealto UK
Industry
Food & Beverage
Location
Greater Manchester, United Kingdom
Transaction Type
Addon

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