Hilton Foods has agreed to sell a majority stake in its supply chain platform, Foods Connected, for £22 million to the Apax Global Impact Fund, advised by Apax Partners LLP. Following the sale, Hilton Foods will retain a 26% share in Foods Connected.
This deal marks a strategic move for Hilton Foods, which sees the investment as a way to accelerate the growth of Foods Connected, a technology platform that enhances supply chain management, sustainability, and risk visibility. The funding aims to bolster Foods Connected’s capabilities and expand its reach into new markets.
Hilton Foods views the partnership with Apax as an opportunity to leverage the fund’s technology expertise and infrastructure. The platform’s growth is expected to further complement Hilton’s global supply chain management approach. Through this investment, the company anticipates enhanced customer value, improved operational efficiency, and a sharper focus on its core food business.
Apax Global Impact plans to help Foods Connected modernise its operations, bringing in new market opportunities and strengthening its sales and marketing efforts. The partnership is also set to target strategic acquisitions, increasing the platform’s capabilities and customer value.