- Bakkavor Group is a fresh prepared food provider
- LongRange will invest via its LongRange Capital Fund I
- Baupost is a hedge fund based in Boston
LongRange Capital will acquire a 20.1 percent stake in Bakkavor Group, a fresh prepared food provider, from Baupost.
Bakkavor has operations in UK, US and China.
LongRange will invest via its LongRange Capital Fund I.
LongRange’s Robert (Bob) Berlin will be appointed as a non-independent non-executive director on the company’s board.
The transaction is expected to be completed on or around January 16.
Stamford, Connecticut-based LongRange is a private equity firm with over $1.7 billion in assets under management.
No financial details of the transaction were disclosed.
Baupost is a hedge fund based in Boston, Massachusetts.