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26 New York-based private equity major Lindsay Goldberg has agreed to buy B2B frozen baked goods business Aryzta North Amer Sorry, you need to subscribe to read this article. If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform.
Former European head Urs Jordi now chairs the Aryzta board European bakery business Aryzta plans to do away with its dual-listing structure by removing the company's shares from the Euronext exchange in Dublin. Zurich-based Aryzta, which announced last month it plans to exit the North and Latin American markets to focus on Europe and Asia, said the board of directors have opted to cancel the secondary listing on Euronext because fewer than 4% of the shares outstanding are listed on the bourse. The shares are traded as Crest Depository Interests (CDI), a security that represents a stock trading on an exchange outside of the UK and Ireland, or in Aryzta's case, outside of the Six Swiss Exchange, the country's main share platform where the bakery company has a primary listing.
In 2015 CCI acquired Carroll Cuisine, doubling employee numbers from 150 to 325 today. Irish private equity firm Carlyle Cardinal Ireland (CCI), which operates Carroll Cuisine has agreed the sale of the company to Eight Fifty Food Group, a UK-based private equity firm. The acquisition, terms of which are not being disclosed, is expected to be completed during the first quarter of 2021. In 2015 CCI acquired Carroll Cuisine, completing a carve-out of the company from Aryzta AG, doubling employee numbers from 150 to 325 today. The Carroll Cuisine management team is led by CEO Kieran Carolan. During CCI’s ownership, the company experienced strong growth, with turnover increasing by 50%, driven by investment in manufacturing capacity, innovation and new product development.