LongRange Capital Acquires 20.1% Stake in Bakkavor

January 12, 2024

On 12 January 2024 LongRange Capital Fund I, L.P. agreed to buy 116,468,928 ordinary shares (20.1% of share capital) in Bakkavor from BP-PE5 L.L.C. (an affiliate of the Baupost Group). The investment (effective on or around 16 January 2024) includes a relationship agreement and the appointment of Robert (Bob) Berlin as LongRange's non-independent non-executive director on Bakkavor's board.

Buyers
LongRange Capital Fund I, L.P. (LongRange)
Targets
Bakkavor Group plc
Sellers
BP-PE5 L.L.C. (affiliate of the Baupost Group)
Industry
Food & Beverage
Location
England, United Kingdom
Transaction Type
Growth capital

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