LongRange Capital, a private equity investment firm, agreed to acquire a minority stake in Bakkavor Group, an international food manufacturing company, from Baupost Group, a hedge fund, for £102m. "Baupost has been a supportive shareholder in Bakkavor over many years and we wish them well. Patrick Cook was a very positive addition to our board, giving us insight, good challenge and constructive debate. I would like to thank him for this on behalf of us all and wish him every success in the future," Simon Burke Bakkavor Chair.