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Belturbet manís CapVest expands reach in Nordic market

Tuesday, 31st December, 2013 4:16pm
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Belturbet manís CapVest expands reach in Nordic market

Seamus Fitzpatrick.

Belturbet manís CapVest expands reach in Nordic market

Seamus Fitzpatrick.

Mere months after the Belturbet businessman’s private equity firm moved to form part of a regional poultry powerhouse in the Nordics, Seamus Fitzpatrick’s CapVest have expanded its reach once again with the purchase of a major player in the consumer food and beverage in the region.
Though no financial terms of the deal have been disclosed, CapVest, which is headquartered in London, said in a statement that its investment strategy would continue to be in areas where “revenues are underpinned by non-discretionary demand”.
The move to tie up Scandza, one of the biggest in the region comes only months after CapVest Equity Partners and Lantmännen’s moved to team up and create a regional poultry powerhouse in the Nordics.
With the ability to turnover an estimated SEK 5 billion per annum, the company ties contacts in Denmark, Norway and Swedan and is seen as a way to further expand its sales reach into international markets.
CEO of CapVest, Mr Fitzpatrick has rapidly become one of the most influential players in the private equity sector in Europe in recent years, now controlling a portfolio of assets ranging from food and beverage industry to the Mater Private Hospital in Dublin.
A former city banker who set up CapVest in 1999, the equity company has since raised over €2bn in funds with over €50m coming from Irish investors last year alone.

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