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Morgan Stanley Capital Partners exits airport food and beverage concessionaire

Funds managed by Morgan Stanley Global Private Equity, or Morgan Stanley Capital Partners, sold their majority stake in Hojeij Branded Foods Inc. to Lagardère Travel Retail SAS for $330 million.

Morgan Stanley Capital acquired the airport food and beverage concessionaire in July 2015.

Morgan Stanley Capital is the middle-market private investment platform of Morgan Stanley Investment Management Inc. It invests in the business services, consumer, healthcare and industrials sectors across North America.