April 2, 2021
Willkie’s London office advised CapVest Partners LLP on its agreement to sell portfolio company Eight Fifty Food Group to Sofina Foods Inc., a leading Canadian multi-protein producer, for an undisclosed consideration.
Sofina Foods is one of Canada's largest food producers and has a 25-year history of acquisitions, growth and success. Sofina Foods is one of the country's leading manufacturers of primary and further processed protein products for both retail and foodservice customers. Its brands are staples in Canadian households and include Cuddy; Lilydale; Janes; Mastro; San Daniele; Fletcher's, Vienna and Zamzam. Sofina Foods currently operates 21 different sites and employs approximately 5,000 people.
Eight Fifty Food Group is a multi-protein company created following the acquisition of iconic seafood business, Young’s Seafood by CapVest-owned Karro Food Group in 2019. Since then, Eight Fifty has acquired a number of protein businesses from across Europe, such as pork processor M&M Walshe last year. Willkie also previously advised on those transactions.
The Willkie team was led by David Arnold and Andrew Gray and also included partners Ashley Young and Jane Scobie and associates Daniel Mulligan, Komal Raina and Scott Wallace.
