Silverfleet buys sausage maker

Private equity firm Silverfleet Capital has agreed to buy German sausage casings maker Kalle, former owner Montagu Capital said yesterday. The €212.5m (£183.3m) deal, one of the largest private equity acquisitions of the year, is backed by a syndicated loan arranged by Bank of Ireland. Kalle is one of the five biggest artificial sausage-skin makers in the world, with sales of €220m. Food stuff makers are becoming increasingly attractive to investors after demonstrating their resilient nature in the downturn.