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DSC buys UK biscuit maker Burton's Foods19/03/2007. Source: AltAssets. 
 London and Paris-based mid-market private equity firm Duke Street Capital has acquired Burton's Foods. Financial details of the transaction were not disclosed, but sources said that the purchase price was in the area of £200m.
Burton's owns biscuit and snack brands include Maryland Cookies, Jammie Dodgers and Wagon Wheels. In addition, Burton's bakes and sells under license a wide range of Cadbury chocolate biscuits, including Cadbury Fingers and Cadbury Chocolate Digestives. The company serves major grocery retailers in the UK and has significant exports to Scandinavia, France and the US.
Hicks, Muse, Tate and Furst acquired Burton's in 2000. The company was subsequently merged with the Horizon Biscuit Company.
Colin Curvey, partner, DSC, said, 'We are delighted with the acquisition of Burton's Foods. Burton's makes some of the best known biscuits on the market and is in a great position to continue its recent growth. The impressive management team has positioned the business to respond to the key consumer trends in the biscuit and snacking market. We are very excited about working with Burton's Foods and supporting such a capable and proven management team and its ambitious plans.'
DSC focuses on mid-market leveraged buy-outs, investing in established UK and French businesses with enterprise values of up to €500m.
DSC has invested in several businesses in the consumer sector and has particular experience in the food industry. This deal follows DSC's recent investments in various businesses in the chilled convenience 'Food to Go' sector. Working closely with a very capable management team and with the support of its experienced operating partners, DSC is well placed to provide Burton's with strategic and financial support as it enters its next phase of development.
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