Young’s parent firm sold to equity group

LEADING food group Foodvest, parent of Young’s Seafood and Findus, has been bought from Capvest by private equity firm Lion Capital.

‘With Capvest’s support we have brought the group to a powerful position,’ says Per Harkjaer, chief executive of Foodvest. ‘This change of ownership is a logical next step in our development. Lion Capital’s specialist consumer experience will be helpful in taking the business to the next level.’

Speculation had mounted over the preceding weeks that several firms were interested in acquiring the major food group.