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Kitwave Group PLC ( (GB:KITW) ) has issued an update.
Kitwave Group has agreed to a recommended all-cash takeover by Kite UK Bidco, a vehicle indirectly owned by funds managed or advised by private equity firm OEP Capital Advisers, valuing the wholesaler at about £251 million. Shareholders are being offered 295p per share, representing premiums of roughly 33.5% to the latest closing price and 38.8% to the three‑month average, with Kitwave’s board unanimously backing the deal and giving irrevocable undertakings over a portion of their holdings, while BidCo has so far secured support and indications covering about 21.6% of the register. OEP plans to use its sector experience and buy‑and‑build expertise to accelerate Kitwave’s growth, strengthen its position in the fragmented wholesale distribution market, boost its foodservice presence and digital capabilities, and leverage the flexibility of private ownership, with the transaction to be implemented via a court‑sanctioned scheme of arrangement expected to complete in the first quarter of 2026, subject to shareholder and court approvals.
The most recent analyst rating on (GB:KITW) stock is a Buy with a £420.00 price target. To see the full list of analyst forecasts on Kitwave Group PLC stock, see the GB:KITW Stock Forecast page.
Spark’s Take on GB:KITW Stock
According to Spark, TipRanks’ AI Analyst, GB:KITW is a Neutral.
Kitwave Group PLC’s stock score is primarily influenced by its strong financial performance and attractive valuation. However, bearish technical indicators suggest caution. The absence of recent earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:KITW stock, click here.
More about Kitwave Group PLC
Kitwave Group is a UK-based delivered wholesale business supplying impulse products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to around 46,000 mainly independent customers. Operating through a nationwide network of 37 depots, it serves independent convenience retailers, leisure outlets, vending operators, foodservice providers, other wholesalers and major national retailers across the country.
Average Trading Volume: 226,299
Technical Sentiment Signal: Sell
Current Market Cap: £175M
See more data about KITW stock on TipRanks’ Stock Analysis page.