NPM Capital

After a difficult seven-year holding period, Industri Kapital has sold Continental Bakeries to NPM Capital of the Netherlands to book a single-digit IRR.

The Dutch private equity group's exits have helped it increase post-tax profits to E141m.

In line with its strategy of selling off minority interests in listed companies, Dutch investment firm NPM Capital has sold its 6.18 per cent stake in retail group Macintosh.

The investment company has initially taken an 80 per cent stake but sees more opportunities for growth with Holland Railconsult as an independent company.

Premier Foods, a UK food group, has terminated discussions with United Biscuits in the £1.7 billion auction for the biscuits and snacks maker, leaving Blackstone as the sole remaining interested party.

Lion Capital, the former European arm of HM Capital Partners, has paid between $280m and $320m for Kettle Foods, a maker of snacks and ‘healthy’ food brands in the US and UK.

The US private equity firm is reported to be lining up a bid for United Biscuits, the maker of McVities Biscuits and Jaffa Cakes in the UK. The move will pit the firm against Premier Foods, a UK food group.

The UK technology VC is reshuffling its management team at the same time as it is raising its second fund.

Lehman leads Bowman Power round; VCs back Meristem expansion

Belgian based Flanders Language Valley Fund has invested E3.25m in the round.