Private equity firm Investcorp has acquired Tyrrells Potato Crisps for about $152 million (£100 million).

Tyrrells, headquartered in Herefordshire, England, makes hand-cooked potato and vegetable chips, as well as other snacks, including popcorn.

The deal marks an exit for Langholm Capital, a London-based private equity firm. Langholm focuses on consumer investments. Its portfolio includes Bart Spices, Dorset Cereals and Lumene Group.

Bahrain-based Investcorp has about $10.5 billion in assets under management. The company has invested in Sur La Table, Berlin Packaging and GL Education Group. Investcorp’s recent investments include Scandinavian luxury brand Georg Jensen and oil services provider Hydrasun. Investcorp owns SourceMedia, Mergers & Acquisitions’ publisher.

Recent food deals include KKR Asset Management LLC’s investment in PT Tiga Pilar Sejahtera Food Tbk, Altamont Capital Partners’ acquisition of Richard’s Cajun Foods and Blue Ribbon, and B&G Foods Inc.’s (NYSE: BGS) deal for Pirate Brands, the maker of Pirate’s Booty. 

For more on M&A trends in the snack sector, check back for the upcoming September issue of Mergers & Acquisitions. 

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