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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