Guinness Asset Management exits UK's Pasta Evangelist
January 18, 2021
Italian food group Barilla has bought Pasta Evangelists, a provider of direct-to-consumer pasta recipe kits, from Guinness Asset Management. Reuters reported that the acquisition was worth around £40 million. The deal will allow the Pasta Evangelists to expand its presence in the UK and support its international growth. Guinness originally backed the company in 2018, investing £3 million over the past three years.