Portfolio Management
Enterprise Foods
In November 2005 Enterprise Food Group sold two of its manufacturing subsidiaries, California Cake Company and Campbell’s Cake Company to Finsbury Food Group Plc. The disposal generated a 1.1x cash return for our clients against an initial investment of £1.7 million. We have retained a significant minority stake in the residual business for an effective ‘nil cost’ with the management now free to concentrate on growing the remaining supply chain operations.