Announced
Completed
Financials
Sources
Tags
Friendly
Completed
Single Bidder
Acquisition
Majority
Vending and Catering Service
Cross Border
United Kingdom
Private
Private Equity
foodservice
Synopsis
Sysco, a corporation involved in marketing and distributing food products, completed the acquisition of Brakes Group, a catering food and drink supplier, from Bain Capital, a private equity firm, for £2.2bn. “Since we bought Brakes Group in 2007, the business has been transformed with capital investment of more than £100m in an e-commerce platform, multi-temperature distribution infrastructure, and customer service enhancements," Dwight Poler, Bain Capital Managing Director.
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