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CVC funds invest in Monbake Group

Private markets manager CVC is investing in Grupo Monbake, a leader in the frozen dough sector in Spain. CVC funds are acquiring the entire stake in Grupo Monbake that was previously held by private equity firm Ardian and its co-investors in this project (Alantra, Artá, and Landon). The price of the transaction has not been disclosed.

Russell T. Bundy passes away

Russell T. Bundy passed away on April 5, Bundy Baking announced. He was the founder of Russell T. Bundy Associates, which later became Bundy Baking Solutions, headquartered in Urbana, OH. He was a respected leader in the baking industry, with a spot on the inaugural class of the American Society of Baking’s ‘Baking Hall of Fame’, which he earned in 2007.