- Exponent and the Chantler family will retain a stake in Meadow post the sale
- Exponent is a private equity firm headquartered in London
- Fairfax Financial is a Canadian holding company
Exponent Private Equity has reached an agreement to sell a portion of its stake in Meadow, a provider of sustainable dairy, confectionery and plant-based ingredients, to Fairfax Financial.
No financial details of the transaction were disclosed.
Meadow is headquartered in Chester, UK.
Exponent acquired a significant stake in Meadow alongside the Chantler family in 2018.
Exponent and the Chantler family will retain a stake in Meadow following the sale.
“Over the course of our partnership, the business has generated significant organic and inorganic growth, including four bolt-on acquisitions, and accelerated its shift into more value-added ingredients. It is a trusted partner to the world’s largest food and beverage companies,” said Mark Taylor, partner at Exponent.
Exponent is a private equity firm headquartered in London.
Fairfax Financial is a holding company which, via its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management. The company is based in Toronto, Ontario.