FINANCIAL ADVISOR
World of Sweets Bobby's
M&A Advisory
Has Been Acquired By
Transaction Details
- On April 21, 2023, World of Sweets and Bobby’s (together “IBG” or the “Group”), a leading brand owner and tech-enabled distributor of confectionery, baked goods and savoury snacks into the convenience retail, specialty, wholesale and grocery channels, and portfolio company of Sculptor Capital Management, Inc. (NYSE: SCU) (“Sculptor”), announced the sale of a majority stake to A&M Capital Europe (“AMCE”).
- IBG’s partnership with AMCE is expected to enable IBG to strengthen its existing position, underpinned by the continued growth of its owned and partner brands and new exclusive partnerships. Additionally, the Group plans to drive further growth across its digitally enabled routes to market. With AMCE's support, IBG also intends to actively pursue bolt-on acquisitions, focusing primarily on branded targets in existing and new categories where the Group can leverage its unique distribution footprint.
About the company
About World of Sweets and Bobby’s
Headquartered in Loughborough, United Kingdom, IBG has a strong position in the large and resilient UK snacking market, combining a multichannel and tech-enabled go-to-market distribution capability alongside differentiated brand management and innovation expertise. The Group serves a diverse base of 60,000+ customers and owns brands that include Bobby's, Bonds of London, Kingsway, Crazy Candy Factory and Candy Realms whilst partnering with major international brands, including Pez, Nerds and Tootsie.
About A&M Capital Europe
AMCE is a pan-European, London-headquartered, middle-market private equity investment firm specialising in providing financial, strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and IBG represents AMCE's fifteenth transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm with €4.2 billion in assets under management across four investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world's largest operationally focused advisory firms.
About Sculptor Capital Management
Sculptor Capital Management, Inc. is a leading global alternative asset management firm providing investment products in a range of areas including multi-strategy, credit and real estate. With offices in New York, London, Hong Kong and Shanghai, Sculptor serves global clients through commingled funds, separate accounts and specialized products. Sculptor’s distinct investment process seeks to generate attractive and consistent risk-adjusted returns across market cycles through a combination of fundamental bottom-up research, a high degree of flexibility, a collaborative team and integrated risk management. Its capabilities span all major geographies, in strategies including fundamental equities, corporate credit, real estate debt and equity, merger arbitrage, convertible and derivative arbitrage and structured credit. As of April 1, 2023, Sculptor had approximately $35.2 billion in assets under management.
Sources: Company Materials and Press announcements
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