A&M Capital Europe, a London-based middle-market private equity investment firm with €650 million of assets under management, has acquired a majority stake in World of Sweets and Bobby’s, from Sculptor Capital Management, Inc.
A&M Capital Europe (AMCE), a London-based middle-market private equity investment firm with €650 million of assets under management, has acquired a majority stake in World of Sweets and Bobby’s (together IBG), from Sculptor Capital Management, Inc (Sculptor).
Headquartered in Loughborough, United Kingdom, IBG is a distributor of confectionery, baked goods and savoury snacks into the convenience retail, specialty, wholesale and grocery channels. The Group serves a diverse base of over 60,000 customers and owns brands that include Bobby’s, Bonds of London, Kingsway, Crazy Candy Factory and Candy Realms whilst partnering with major international brands, including Pez, Nerds and Tootsie.
The partnership with AMCE is expected to enable IBG to strengthen its existing position.
Additionally, with AMCE’s support, IBG also intends to actively pursue bolt-on acquisitions, focusing primarily on branded targets in existing and new categories where the Group can leverage its unique distribution footprint.
IBG will continue under the leadership of its existing management team, led by CEO Wayne Beedle, with Wayne and his team investing alongside AMCE.
AMCE was advised by Weil, Gotshal & Manges and DWF as legal advisers, Houlihan Lokey as financial adviser, MDW Capital Partners as debt adviser, EY Parthenon as commercial adviser, Palladium as digital and IT adviser, Alvarez & Marsal as accounting adviser and EY as tax adviser.
