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Pennsylvania-based snack food company Utz Quality Foods Inc. agreed to acquire Alabama-based Golden Enterprises Inc. (NASDAQ: GLDC), maker of the Golden Flake brand, for $135.5 million. Earlier in July, Gores Holdings Inc. (NASDAQ CM: GRSHU, GRSH, GRSHW), a blank check company sponsored by private equity firm Gores Group LLC, agreed to acquire Hostess Brands LLC from private equity firm Apollo Global Management LLC (NYSE: APO) and Metropoulos and Co. in a $2.3 billion deal. In June, European private equity firm Bridgeport acquired Turkish dried fruit and nuts producer Peyman from its founders and Turkey’s Esas Holding in a $110 million deal. In March, private equity firm Clearlake Capital Group LP acquired New Jersey-based That’s How We Roll LLC, a marketer of branded snacks in North America. Investcorp’s sale of Tyrrells is its ninth exit in Europe in the last twelve months, following the sale of GL Education to Levine Leichtman Capital Partners; the sale of CSIdentity to Experian; the flotation of Asiakastieto on Nasdaq Helsinki; the sale of Denmark’s Icopal to GAF; the sale of N&W to Lone Star Funds; the ultimate full sale of Skrill Group to Optimal Payments (now renamed Paysafe Group plc); the flotation of Sophos Group plc on the London Stock Exchange and the complete exit of a minority stake in spare part distributer, Autodistribution. Investcorp is engaged in corporate buyouts, hedge funds and real estate, and has offices in New York, London, Bahrain, Abu Dhabi and Riyadh. Investcorp is one of the most active global mid-market private equity firms, with over 30 years of experience of successfully investing in North America and Europe and more recently in the MENA region. The firm combines the growth dynamics of Gulf capital and the alternative investment industry with international management discipline. Investcorp’s past and present private equity portfolio includes more than 150 investments totaling over $36 billion in transaction value. Notable previous investments included Tiffany & Co., Gucci, and Leyca. Investcorp was founded in 1982 by its chairman Nemir Kirdar. The firm’s executive chairman is Mohammed Bin Mahfoodh Al Ardhi.]]>