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CapVest to sell Vaasan & Vaasan to Lion Capital30/05/2007. Source: AltAssets. 
 UK-based mid-market buy-out firm CapVest has agreed to sell Vaasan & Vaasan, a producer and distributor of branded bakery products in Finland, Sweden and the Baltic region, to fellow UK firm Lion Capital.
Vaasan & Vaasan produces fresh bread, bake-off, crispbread and other bakery products. The company had net sales of €334m in 2006.
Kate Briant, partner of CapVest, said, 'Vaasan & Vaasan has been a great investment for CapVest and our investors. We have grown profits substantially during the period of our ownership.
CapVest invested an undisclosed amount in Vaasan & Vaasan from its first fund four years ago when it bought the company from EQT.
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