TSC Foods, which makes chilled and frozen sauces, soups, entrees and dressings to the retail and food service markets, was sold to Edward Billington and Son.
KCP backed the company’s management buyout in 2009 in a deal that valued it at £17. TSC has since seen its turnover rise by more than 50 per cent to just under £50m.
KCP investment partner Peter Armitage said, “TSC has shown impressive growth in both sales and profitability over the last few years.
“The management team has continued to invest in the production side of the business and developing the Glorious! brand in order to satisfy the demands of its growing customer base.
“Although it has been a pleasure working with a first class management team it is the perfect time for us to be handing over to The Billington Group.”
KCP’s other portfolio companies include mobile support services provider WHP Projects, which raised a £3m round last year.
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