Aryzta: The real job starts now

For new Aryzta chairman Gary McGann, offloading the firm’s stake in French supermarket chain Picard should be the first step in appeasing shareholders

Barry J Whyte

Chief Feature Writer @whytebarry
19th February, 2017
Owen Killian, former chief executive, Aryzta Picture: Tony O’Shea

Private equity player Lyndon Lea was one of the midwives of Owen Killian’s Aryzta. Last week, he became one of Killian’s pallbearers.

Lea is the founder of Lion Capital, a private equity firm focused on food and consumer goods companies.

In 2015, the two men crossed paths again when Killian decided to buy Picard, a French bakery company in which Lea’s Lion Capital had the majority stake.

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