Valeo to raise €500m to fund Italian acquisition
Valeo Foods, the owner of brands from Jacob’s biscuits to Batchelors beans, is raising over €500 million in debt.
The money will be used to fund the acquisition of an Italian food company – announced earlier this month – and to pay off some existing borrowings.
Valeo, which is part-owned by private equity company CapVest and the Dublin-quoted agribusiness group Origin Enterprises, has hired BNP Paribas and JP Morgan to lead the transaction.
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply