European venture capital firm Bridgepoint Capital has been behind a number of major food deals. In May it was involved in selling its major stake in the Golden Wonder business to Longulf, owner of The Snack Factory. It was also behind the buyout of WT Foods. This public-to-private manoeuvre removes companies from the media spotlight and frees them from the demands of City analysts and their high growth mantra, which can restrict management to short-term strategies to meet the next analyst forecasts.
Bridgepoint has also benefited from the stock market decline, which has allowed venture capital companies to buy quoted food companies and take them private.