Confectioners prove too sour for private equity
Both companies were acquired last year, Betta as recently as last October.
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A UK private equity firm specialising in distressed assets has admitted failure with two longstanding Australian confectioners in as many weeks.
Both Betta Foods, of Melbourne, and Ernest Hillier, of Sydney, have been put into voluntary administration by Re:Capital, the Australian arm of Hilco
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Nevil Gibson for NBR Food Industry Week
Wed, 04 Feb 2015
Wed, 04 Feb 2015
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Confectioners prove too sour for private equity
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