Jamieson is pleased to announce that it has advised the management team of Tangerine Confectionery on the acquisition of the business by Valeo Foods Group. Valeo is partly owned by private equity firm Capvest.
The deal will result in the combination of Tangerine, which has been majority owned by Blackstone since 2011 and has an extensive range of iconic UK sweet brands such as Barrett’s, Taverners, Jameson’s and Princess, with Valeo’s confectionery division. Valeo acquired Big Bear confectionery in the UK and Candy Plus in the Czech Republic during 2017.
“Tangerine and Valeo share a strong entrepreneurial culture and a shared focus on adaptability, innovation and agility, and we look forward to being part of an ambitious and fast-growing international food business.
Jamieson through their experience as well as values have been a tremendous help to support the management team in a challenging process. I highly recommend them.”
Anthony Francheterre, CEO
The Jamieson team of Ian Jamieson, Stephen Maxwell and Pippa Knowles advised Anthony Francheterre and the team on the terms of the transaction and the management incentive arrangements.