McQueen advised Duke Street Capital on the simultaneous acquisitions of Buckingham Foods Limited from the Prize Food Group and the Thomas Food Group from Food Investment Group. A summary of the press release is set out below.

For further information please contact:

Clive Baker  0207 484 8800

Duke Street Capital makes dual acquisitions in "Food to Go"

Duke Street Capital ("DSC"), the independent private equity fund manager, and Food Investment Group ("FIG"), its co-investment partner have made dual acquisitions in the fast growing "Food to Go" food manufacturing sector.  The two acquisitions, both offering premium product categories but to distinct customer groups, are Buckingham Foods and Thomas Food Group ("TFG").

Buckingham Foods is one of the UK’s largest producers of pre-packaged sandwiches, producing c.1.1 million sandwiches each week.  It operates from two sites in Milton Keynes and Tamworth.

TFG is a niche manufacturer of premium chilled quiche and savoury pastry products operating from two sites in Sheffield and Milton Keynes.

DSC is backing a highly experienced management team led by Bill Hazeldean who will sit as Chairman of both businesses.  Nigel Hunter continues as Managing Director of Buckingham Foods while TFG will continue to be run by Cameron Brown.  The management team have made personal investments in the combined vehicle, and will hold a substantial minority stake in the company going forward.

Duke Street Capital was advised by McQueen Limited, PWC and SJ Berwin.

The full text of this announcement can be found at
http://www.dukestreetcapital.com/pe_fset.php?f5=1