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Investcorp triples its money in three years with Tyrrells sale

Aug 11, 2016 - The Deal Pipeline

Private equity firm Investcorp SA made three times its money on its portfolio company of three years, Crisps Topco Ltd., selling the maker of Tyrrells potato chips quicker than expected.

Investcorp announced on Aug. 8 that it would sell Crisps Topco to Amplify Snack Brands Inc. (BETR) for £300 million ($392 million), including £278 million in cash and 2.1 million Amplify shares. The Bahrain-based firm previously acquired Crisps Topco for £100 million ($152 million as of the sale) from a...