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Everstone sells iconic bread brand to Mexican giant, books more than 2X returns

By Debjyoti Roy

  • 22 Feb 2021
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Everstone sells iconic bread brand to Mexican giant, books more than 2X returns
Credit: Thinkstock

Homegrown private equity firm Everstone Capital has sold its stake in Modern Foods to a Mexican bakery firm five years after it acquired the iconic brand, a person in the know told VCCircle. The sale to Grupo Bimbo was made early this month, the individual said, adding that the deal size ......

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