Warburg Pincus, a global private equity firm, has completed its purchase of a 15.71 per cent stake in Premier Foods, the UK’s largest food producer, through a combination of firm and co
Warburg Pincus, a global private equity firm, has completed its purchase of a 15.71 per cent stake in Premier Foods, the UK’s largest food producer, through a combination of firm and conditional placing and open market purchases.
The total amount invested is GBP99m and Warburg Pincus has the right to nominate one member to the board of directors of the food company.
"Warburg Pincus has a successful track record as a minority shareholder partnering with management to create value,’ says managing director Steve Coates. ‘We look forward to being a long term, engaged investor in Premier Foods. We believe that this is a resilient business with strong management and excellent brands. The new capital structure provides the company with a platform for growth."
Warburg Pincus has invested more than USD29bn in more than 600 companies in 30 countries around the world.
