Endless finds winning recipe as it exits West Cornwall Pasty Co
PRIVATE equity house Endless has exited the West Cornwall Pasty Co after finding a winning recipe for the business.
It has sold it to Ginsters owner Samworth Brothers, which has taken on the 33 wholly-owned outlets, 19 franchised outlets, and Aylesbury head office. The value of the deal has not been disclosed but Enact has said it delivers a 5.5x return to investors.
Endless bought the business in April 2014 for £136,000 after it had entered administration. The deal, which was the first from its SME fund Enac... For the full story register now for free or login below...