DBAY Advisors to acquire Finsbury Food Group for £143m.

DBAY Advisors, a private equity firm, agreed to acquire Finsbury Food Group, a specialty bakery manufacturer, for £143m. "I am confident that Finsbury will thrive under DBAY's stewardship in the private market, with access to DBAY's investment and operational support to pursue the current strategy of scaling Finsbury's buy-and-build M&A in the future. The Finsbury Board has carefully reviewed the terms of DBAY's Cash Offer, and believes it provides shareholders with an accelerated, de-risked opportunity to realise their investment in full and in cash at an attractive premium to both the current share price and the long term weighted average share price. As such, the Finsbury Board unanimously intends to recommend that Finsbury Shareholders also vote in favour of the Acquisition," Peter Baker, Finsbury Chairman.