Private equity-backed food group Karro secures £60m from GE Capital


pigBritish private equity-backed pork supplier Karro Food Group has secured a £60m funding package from GE Capital.

The company said the funding will provide additional working capital and give it a greater capacity to invest in the business alongside the existing equity support from private equity backer Endless.

Since it was bought out by Endless from Vion in December, the company has undertaken a major reorganization programme to strengthen its management team and accelerate the return to profitability.

Investment Director of Endless Aidan Robson said, “We are delighted to bring GE Capital into our partnership with Karro. The refinancing is a fantastic endorsement of the company and the outstanding progress that has been made in the first six months of our investment.

“As the demand for high quality UK pork increases, Karro is fantastically positioned to support both its retail and trade customers in their long-term growth ambitions.”

Copyright © 2013 AltAssets