Private equity eyes Tyrrells

The founder of hand-fried crisp company Tyrrells has reportedly been in discussions with private equity players regarding a possible deal that could see owner Will Chase, sell off either a large portion or all of the company for a price thought to be in the region of £40m (US$81m).

According to the report in The Independent, management have been in talks with the private equity firm Langholm Capital about the sale of a sizeable stake in the company. Although talks are expected to continue for several weeks it is thought that the £40m consideration has been agreed in principle.

Stretford Bridge-based Tyrells, which was founded in 2002, prides itself on being an independent British brand and counts Harrods, Fortnum & Mason and Selfridges among its clients.

Tyrrells’ Chase is thought to have appointed BDO Stoy Hayward to carry out a strategic review of the company after being approached about a possible sale.