A&M Capital Europe adds IBG to its basket

• IBG will continue to be led by Wayne Beedle, CEO, and the management team
• Beedle and his team will invest alongside AMCE
• AMCE is a London-based middle-market private equity investment firm

A&M Capital Europe (AMCE) has acquired a majority stake in World of Sweets and Bobby’s (IBG) from Sculptor Capital Management.

IBG is a brand owner and tech-enabled distributor of confectionery, baked goods and savoury snacks into the convenience retail, speciality, wholesale and grocery channels. The company is headquartered in Loughborough, UK.

IBG plans to pursue bolt-on acquisitions, focusing primarily on branded targets in existing and new categories where it can leverage its footprint, according to a release.

IBG will continue under the leadership of its existing management team, led by CEO Wayne Beedle.

Beedle and his team will be investing alongside AMCE.

Sculptor Capital is a global alternative asset manager based in New York.

AMCE is a London-based middle-market private equity investment firm with €650 million of assets under management.

AMCE was advised by Weil, Gotshal & Manges and DWF as legal advisers, Houlihan Lokey as financial adviser, MDW Capital Partners as debt adviser, EY Parthenon as commercial adviser, Palladium as digital and IT adviser, Alvarez & Marsal as accounting adviser and EY as tax adviser.