H.I.G. Europe acquires Adelie Foods
Staff writer ▼ | March 13, 2015
H.I.G. Europe the European arm of global private equity firm H.I.G. Capital, has completed the acquisition of Adelie Foods, the UK's food-to-go business.Article continues below
Adelie Foods serves a number of well-known food retailers such as Sainsbury's and Boots, alongside several of the UK's largest coffee shop chains. The company has built a reputation as a provider of ultra-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 £300m 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 H.I.G.'s operational, strategic and financial know-how as it continues to expand in the UK. H.I.G. also has an extensive network across Europe which will help support Adelie's expansion plans into the Continent.
Adelie Foods currently employs around 2,800 colleagues across its six manufacturing and eight distribution locations around the country.
In addition to its impressive portfolio of private label products, Adelie also owns the UK's biggest sandwich brand, URBAN eat, which is stocked in over 6,000 outlets nationwide. ■ What to read next
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