LongRange Capital Fund I, L.P. a fund managed by LongRange Capital, L.P. acquired 20.2% stake in Bakkavor Group plc from The Baupost Group, L.L.C.
January 14, 2024
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LongRange Capital Fund I, L.P. a fund managed by LongRange Capital, L.P. acquired 20.2% stake in Bakkavor Group plc (LSE:BAKK) from The Baupost Group, L.L.C. on January 12, 2024. Under the terms of acquisition, LongRange Capital is acquiring 116,468,928 ordinary shares in Bakkavor Group. Effective upon completion of the Transaction, the Company's relationship agreement with Baupost dated 10 November 2017 will terminate and Patrick Cook, Baupost's nominated representative to the Company's Board, will step down. Pursuant to the Relationship Agreement, the Company also announces that Robert (Bob) Berlin will be appointed as a non-independent non-executive Director of the Company's Board, as LongRange's representative, and such appointment will also become effective upon completion of the Transaction. The transaction is expected to be on or around January 16, 2024.
LongRange Capital Fund I, L.P. a fund managed by LongRange Capital, L.P. completed the acquisition of 20.2% stake in Bakkavor Group plc (LSE:BAKK) from The Baupost Group, L.L.C. for on January 12, 2024.
Bakkavor Group plc is a United Kingdom-based company, which is a provider of fresh prepared food (FPF). The principal activities of the Company comprise the manufacture of fresh prepared foods and fresh produce. These activities are undertaken in the United Kingdom, the United States, where products are primarily sold through high-street supermarkets, and China, where products are primarily sold through foodservice operators. Its product offerings include fresh-made meals, artisanal breads, soups and sauces, hummus and dips and burritos. The flagship fresh-made meals include both single-serve and family-size entrees. The artisanal breads offer products, including oven products, including flatbreads, focaccia, pizzas and sourdough under the Breadeli brand. The soups and sauces offer seasonal produce, lean proteins, and aromatic herbs and spices. Its burrito offers a variety of flavors, including black bean and cheese, chicken fajita, and breakfast burritos.
BAKKAVOR GROUP PLC 
