Pegasus Capital has advised Carroll Cuisine UC (“Carroll Cuisine”) on the sale of the business to Eight Fifty Food Group Ltd., a portfolio company of CapVest Partners.
Previously owned by Carlyle Cardinal Ireland, Carroll Cuisine is the no. 1 player in the sliced cooked ham and ready meals segments of the Irish chilled food sector.
Established in 1979, the business supplies all major Irish grocery retailers and has a widely recognised and highly regarded brand.
Eight Fifty Food Group Ltd. has an existing portfolio of complementary meat and fish business and is a strong strategic fit for Carroll Cuisine.
Year: 2021
Sector: Food & Drink
Terms: Not disclosed