Partial exit for Prize Food consortium

Prize Food, a Montagu Private Equity, 3i and Electra Partners portfolio company, has sold sandwich maker Buckingham Foods to Duke Street Capital for an undisclosed sum.

Prize Foods was the subject of a £57m management in 1997 when it was acquired from Booker. Following the sale of Buckingham Foods, the group now comprises Cheviot and Headland Foods. Buckingham Foods is a UK producer of pre-packaged sandwiches, producing around 1.1 million sandwiches each week.