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Oghma Partners M&A Review released

September 15, 2012

Mark Lynch of Oghma Partners is pleased to announce the release of the latest M&A review, including up to date information on the latest deals and trends in the Food and Beverage industry.

The report will be sent directly to you in the next few days. If you do not already receive the report then please do email us via the “Contact us” section of the website.

    Oghma Partners was established in 2008 and provides acquisition, divestment, fund raising and strategy advice to European food and beverage companies and investors. For further information on how Oghma can assist food and beverage manufacturers and distributors, please do contact us via phone or email.

Sale of Dragonfly Foods

August 28, 2012

Oghma Partners LLP is pleased to announce its role as an advisor to the management of Dragonfly Foods from 2010-12 leading to the sale of the business to new investors.

Dragonfly Foods is an owner operated small vegetarian chilled food business supplying multiple retailers and smaller health food shops.

Over a two year period Oghma assisted the owners with positioning the business for sale, approaching potential buyers and preparing relevant documentation and advising on deal structure and terms as well as assisting with the appointment of legal advisors to the transaction, leading to the recent successful sale of the business.

Oghma Partners was established in 2008 and provides acquisition, divestment, fund raising and strategy advice to European food and beverage companies and investors. For further information on how Oghma can assist food and beverage manufacturers and distributors, please do contact us via phone or email.

Food Manufacturing Company of the Year Award

August 10, 2012

There is still time to vote for the Food Manufacturing Company of the Year Award at the Foodman Excellence Awards 2012! Voting closes in mid-
September with the finalists announced during the week of the 17th September – don’t miss out!

Voting can be done via this link and good luck to all the entrants!

Brand building – difficult to beat!

July 30, 2012

One highlight of the last tertial has been the acquisition by Remy Cointreau of the Bruichladdich distillery. This deal is fascinating in many ways; the distillery business was essentially resurrected in 2000 when bought out by a group of investors. It sat neatly in the premium end of the market selling a single malt product.

The heritage of the distillery has no doubt been an advantage, however the new team were innovative in terms of products and marketing and over ten years appeared to have created significant value. For Remy, finding an acquisition in premium whisky is challenging. The Bruichladdich deal gives them their first top tier Scottish Whisky brand and allows them to leverage their global distribution muscle to create value from the deal over the longer term.

To arrange a meeting or to receive a copy of the Oghma Partners in depth report on Scotch & Irish Whisk(e)y please contact us.

    Oghma Partners was established in 2008 and provides acquisition, divestment, fund raising and strategy advice to European food and beverage companies and investors. For further information on how Oghma can assist food and beverage manufacturers and distributors, please do contact us via phone or email.

Oghma Sponsors Food Manufacturing Company of the Year Award

July 9, 2012

Oghma Sponsors Food Manufacturing Company of the Year Awards 

Oghma Partners LLP is pleased to announce that we will be sponsoring the 2012 Food Manufacturing Excellence Awards and in particular the Food Manufacturing Company of the Year Award.

We would encourage you to review the various award categories which can be reviewed at www.foodmanawards.co.uk and enter a suitable category if you think it is appropriate.

The award ceremony takes place at the London Hilton in Park Lane November 5th 2012.

The sponsorship of this award by Oghma Partners LLP is in line with the partnership’s philosophy of not just working with the industry participants but also backing this dynamic sector of UK manufacturing industry and in particular the SMEs that make up a large proportion of that industry.

We hope that you will take part in the Awards Initiative and enter your relevant categories.

For the full press release please click here

    Oghma Partners was established in 2008 and provides acquisition, divestment, fund raising and strategy advice to European food and beverage companies and investors. For further information on how Oghma can assist food and beverage manufacturers and distributors, please do contact us via phone or email.

Disposal of Greencore Group plc’s Chilled Desserts Facility in Minsterley

June 15, 2012

Oghma Partners LLP is pleased to announce its role as exclusive financial advisor to Greencore Group plc in relation to the following transaction

Agreed Disposal of Greencore Group plc’s Chilled Desserts Facility in Minsterley for £4.3million plus Stock to Müller Dairy UK group

N.B. The disposal is expected to complete at the start of January 2013.

    Oghma Partners was established in 2008 and provides acquisition, divestment, fund raising and strategy advice to European food and beverage companies and investors. For further information on how Oghma can assist food and beverage manufacturers and distributors, please do contact us via phone or email.

Latest M&A Review released

May 20, 2012

The latest Oghma Partners M&A review is now available, covering the Food and Beverage industry to April 2012. It shows that acquisition activity continues to be driven by deals within the industry with an estimated 68% of acquisitions in the period were made by UK corporates and a further 21% by overseas companies or subsidiaries of overseas companies. Financial buyers accounted for only 11% of transactions by deal volume, broadly the same as the equivalent period last year.

We look forward to hearing from anyone who may be interested in receiving the review – please do contact us for further information.

Intervention in the UK Brewing Industry

January 23, 2012

We are pleased to report the publication of a book, ‘Intervention in the UK Brewing Industry’, written by John Spicer, Chris Thurman, John Walters and Simon Ward reviewing the circumstances leading up to the 1986-9 Monopolies and Mergers Commission inquiry into the UK brewing Industry.

In 1989 the Thatcher Government passed legislation that would radically change the nature of brewing and pub retailing, and which, indeed, constituted the most far-reaching intervention in private industry seen in post nationalisation Britain. Beginning with the great brewery mergers of the 1950’s and 1960’s, and then the series of early official attempts to regulate and reform the industry, this book covers the 1986-1989 MMC inquiry, including the agitation for change – by no means discouraged by the Office of Fair Trading – on the part of one major brewer and the Campaign for Real Ale. It describes the parliamentary revolt and potential clash with European law that forced the Government to dilute the Commission’s recommendations: the major brewers’ rejection of the new business model that had been imposed on them; and the resulting disintegration of the industry and the acquisition of most of it by foreign companies. Finally the authors assess the damaging repercussions for consumers and pub licensees, and attempts to draw lessons from this landmark event.

John Spicer, one of the authors, is an Adviser to Oghma Partners LLP. John has been associated with the drinks industry for most of his career, first at Whitbread and then in the City, where for nearly a decade he was rated number one drinks sector analyst. In 1993 he served as Special Adviser to the Parliamentary Agriculture Select Committee during its inquiry into the Beer Orders, and in 2001 as an expert witness in a trial concerning the beer tie.

Please click here for a link to further information and the order form, should you wish to purchase the book. The full press release can be found here.

Consumer – Food & Beverage Acquisition activity by volume increases in 2011 – outlook set fair for 2012

January 17, 2012

Oghma Partners LLP, the Consumer Sector focused corporate finance boutique, is pleased to announce the publication of its review of disposals and acquisitions in the UK Food & Beverage Sector in 2011 and the outlook for 2012.

Key findings of the review include; a fall in value in 2011 but a rise in the volume of deals including a pick-up in volume and value through the last third of the year.

Valuation: despite the challenging trading and economic climate – the data for exit multiples suggest that the multiple paid for businesses was broadly in line with that of 2011.

Outlook: whilst the macro environment remains far from benign there are signs that the appetite of buyers remains robust. There appears a split between the ‘have’s and the have-not’s’ in the sector i.e. those with cash and those without. For the latter, disposal is the way to reduce debt and/or find working capital to grow the business. For those with cash, the current environment represents a significant opportunity for sector consolidation a ‘arguably a once in a generation opportunity’.

For further information please click here.

Acquisitions and Disposals in the European Produce Sector

January 14, 2012

Oghma Partners LLP, the Food & Beverage focused corporate finance boutique, is pleased to announce a review of the UK produce sector and an analysis of M&A activity on a Pan-European basis.

Publication of the review of the Produce Sector is contained within Oghma’s latest Food & Beverage Sector M&A review. Publication of the review will take place the week of 16th January and interested parties are asked to email the address below for a copy.

The UK Produce sector is worth £12.5bn at RSP. Close to 100 companies operate in the UK market with activities ranging from value-added processing to distribution leveraging key sourcing skills. The size of the companies operating within the sector is broadly spread with 25%+ of the companies in the sector turning over more than £100mn.

On a Pan European basis there have been ten notable consolidators of the sector over the last five years. A significant amount of deal activity has been cross border and, given the still fragmented nature of the sector, more cross border deals can be expected in due course.

For further information please click here.

    Oghma Partners was established in 2008 and provides acquisition, divestment, fund raising and strategy advice to European food and beverage companies and investors. For further information on how Oghma can assist food and beverage manufacturers and distributors, please do contact us via phone or email.

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