One Equity Partners Completes Acquisition
Private equity firm One Equity Partners has completed the acquisition of Kitwave Group plc, a UK-based wholesale distributor of food, beverages, and other consumables serving both foodservice and retail customers, according to Private Equity Wire. Kitwave, founded in 1987, operates across three primary segments: foodservice, supplying restaurants, bars, and leisure outlets; frozen and chilled, distributing fresh and frozen products to retail clients; and ambient, delivering packaged goods such as snacks, soft drinks, confectionery, and tobacco to independent convenience stores and grocery chains.
Kitwave’s Operational Scale
The company manages 37 facilities across the UK and operates a fleet of 650 delivery vehicles, fulfilling more than 6,500 orders daily. These operations underscore Kitwave’s role in distributing consumables to various sectors, as detailed in the report from Private Equity Wire.
OEP’s View on the Deal
Steve Lunau, Partner at One Equity Partners, stated that the acquisition reflects the firm’s confidence in Kitwave’s strong operational foundation and growth potential. This perspective from OEP highlights their strategic interest, according to Private Equity Wire.
