Lion snaps up third food buy

UK-based mid-market buyout firm Lion Capital has completed its third food manufacturing buyout in the last 12 months, taking the value of its combined deals in the sector to more than $3bn (€2.2bn).

Lion has acquired Nordic bakery products manufacturer Vaasan & Vaasan in a tertiary buyout for between €400m ($537m) and €500m, according to a deal source.

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