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HIG Europe acquires Adelie Foods

HIG Europe (HIG), the European arm of global private equity firm HIG Capital, has acquired Adelie Foods, a provider to retailers including Sainsbury’s and Boots, as well as several UK coffee shop chains. 

The company has built a reputation as a provider of fresh sandwich products to supermarkets, coffee shops and the food service sector and prides itself on its in-house distribution of up to a million fresh sandwiches every day around the UK. Adelie is also behind the popular sandwich brand URBAN eat. The group expects to reach nearly GBP300m turnover in the current financial year.
 
Adelie was previously owned by India Hospitality Corporation (IHC), led by entrepreneurs Ravi Deol and Sandeep Vyas who will maintain a minority equity holding. The partnership will help Adelie benefit from HIG’s operational, strategic and financial know-how as it continues to expand in the UK. HIG also has an extensive network across Europe which will help support Adelie’s expansion plans into the Continent. 
 
Gavin Cox, Managing Director of Adelie Foods, says: “I am delighted that we have concluded an agreement with like-minded partners who are such a strong cultural fit for our organisation and are so supportive of our plans for growth both in our home and international markets.”
 
Paul Canning, Managing Director of HIG Europe who also heads HIG Europe’s UK activities, adds: “Adelie has developed a strong reputation for service, quality and innovation in the UK Food-to-Go sector. We are delighted to become part of the Adelie team and to bring our resources to bear in supporting its expansion plans.”

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