Private equity firm Livingbridge has taken a bite out of luxury biscuit maker Thomas J Fudge's, marking the end of 100 years of family ownership.
Livingbridge is thought to have snapped up a controlling stake in the company in a multi-million pound deal, although the exact value was not disclosed.
Thomas J Fudge's was founded in 1916 as a bread bakery in the West Country. It now turns over more than £11m a year and its products are stocked by high-end retailers including Fortnum & Mason.
Benoit Broch, Livingbridge director, said: “Our investment will enable this already strong brand to continue its growth in the UK.”