Client Overview
E-Foods is a leading procurement and menu management solutions provider, serving clients across the food services sector. At the time of exit, the business had grown to generate approximately £80m in turnover, supported by a strong technology platform and an established client base.
Objectives
The shareholders’ long-term objective was to grow the business and ultimately realise value through a successful exit. Over a number of years, we worked closely with the management team and shareholders to support the strategic development of the business and prepare it for a future sale.
Our involvement included strategic and corporate finance advice across two shareholder buy-outs, assistance with a group reorganisation and EMI scheme implementation, supporting two acquisitions to accelerate growth, and then preparing the business for a trade sale.
Our Role
We acted as trusted advisors throughout the company’s growth journey and ultimately supported the shareholders during the sale of the business.
Our role included:
- Advising on transaction structure and negotiations
- Supporting the financial and commercial due diligence process
- Assisting with legal negotiations and transaction documentation
- Supporting preparation and negotiation of completion accounts
- Ensuring the overall deal structure delivered the best outcome for the shareholders
The Outcome
The business was successfully sold to Compass Group, one of the world’s leading food services companies.
The transaction delivered a strong outcome for the shareholders while positioning the business within a global organisation capable of supporting its continued development and expansion.
