Towerbrook to sell majority stake in Van Geloven to McCain Foods
British private equity firm TowerBrook Capital Partners has agreed to sell a majority stake in portfolio company Van Geloven BV to Canada's McCain Foods Ltd. No financial terms were released. Based in Tilburg, the Netherlands, Van Geloven is a producer of frozen convenience snacks and foods across a range of brands. Florenceville, New Brunswick-based McCain said the acquisition supports its strategy for growth in European markets. With the deal's close, Van Geloven will operate as a standalone McCain business. TowerBrook, which acquired the company in partnership with management in March 2015, will remain a minority investor.
4 March 2016•3 mins read
