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Nimbus exits Halo Foods to Peak Rock Capital

September 21st, 2020

Nimbus exits Halo Foods to Peak Rock Capital

Halo Foods is headquartered in Newport, Wales, and manufactures healthy bars and snacks, with an extensive portfolio that includes a wide range of cereal bars. It has a diverse customer base including national retailers and established international brands.

Alexander de Haas, Partner at Nimbus, said: “When Nimbus acquired 100 per cent of Halo Foods’ shares in 2016, it was already clear that the company was operating in a fast-growing segment and showed enormous potential. Over the past four years, Nimbus, together with the management team, has helped Halo to build on its strengths. This meant focusing on building the team, streamlining the operation, investing in the production capacity and an entrepreneurial focus on customers and product development.”

John Tague, Chief Executive Officer of Halo, added: “The management team of Halo has worked tirelessly, in partnership with Nimbus, to build the Company into an industry-leading provider, serving retailers and brands. Nimbus was the right partner in the last four years to create this exciting and leading platform and we believe our new partnership with Peak Rock will help Halo to accelerate its strong growth trajectory by drawing on their extensive experience in food and beverage and by continuing to invest in our people and capabilities.”

Alex Dabbous, Managing Director of Peak Rock Capital Europe, also added: “Halo represents an exciting  opportunity for us to invest in a leading provider within the growing European snacking space. We are excited to partner with the Company’s talented management team to grow this platform through opportunities such as expanded distribution, product innovation, investments in the Company’s operational capabilities and add-on acquisitions.”

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