By Elena Vardon
Hilton Food Group secured a 22 million pound ($29.5 million) investment into its supplier management platform Foods Connected from a fund advised by Apax Partners.
The U.K. food company will receive the amount in cash in exchange for the sale of its shares, it said Tuesday. Hilton Foods will own 26% of the business once the transaction is completed.
The deal brings in extra capital and Apax's technology expertise for the platform's next phase of growth, it added.
Apax Partners is investing in Foods Connected through the Apax Global Impact Fund.
"Together, we'll invest in new markets, strengthen sales and marketing, pursue strategic acquisitions, and increase value for existing customers through expanded capabilities and resources," Apax Global Impact partner Edward Donkor said.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
July 15, 2025 03:14 ET (07:14 GMT)
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