Investec in the hunt if Valeo Foods decides to float

Seamus Kearney: Valeo Foods is run by the former Aer Lingus executive

Seamus Kearney: Valeo Foods is run by the former Aer Lingus executive

Fri, Apr 25, 2014, 01:05

No word yet on whether or when Valeo Foods, controlled by Séamus Fitzpatrick’s Capvest, will float the business this year, as has been rumoured.

The company, which owns a burgeoning stable of food brands including Odlums and Jacobs, has declined to make any comment

Valeo has recently been talking to the corporate finance team at Investec, however, which has also declined to comment. Come on guys, it’s good to talk.

The unofficial word is that Valeo wants to concentrate on absorbing its recent purchase of Rowse Honey from Wellness Foods, backed by John Magnier and JP McManus, before it thinks about a flotation. Which sounds a lot like it is currently thinking about a flotation.

By all accounts Investec has not yet been formally retained as corporate finance advisers for any float of the business, which is run by former Aer Lingus executive Séamus Kearney.

However, it sounds like the bank could be in a strong position if and when Valeo decides to pull the trigger.

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