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Category: 2016 News

Oghma Partners advises Solina Group on acquisition of new Ivory from Rob Whitehead as part of new expansion plan

October 4, 2016

Solina Group (“Solina”), one of the leading European providers of food ingredient solutions, with the support of Ardian who became majority shareholder a few months ago, has agreed to acquire New Ivory, a producer of innovative culinary sauces, from Rob Whitehead. Rob Whitehead is selling his majority stake, while New Ivory Managing Director, Adam Jones, and the rest of the management team will stay at the company.

The deal is the first step in Solina’s new international expansion strategy. The Group aims to reinforce its position in Europe through targeted bolt-ons in Germany, the UK, and Central and Southern Europe. It will also accelerate its expansion outside of Europe, in particular through acquisitions in the USA. The ambition of Solina is to double its revenues over the next five years and establish itself as a world-class leader in its market.

New Ivory is a leading producer of innovative culinary sauces in the UK for the meat, fish and poultry industries. It has long-standing relationships with retail and industry customers based on a deep knowledge and understanding of the UK’s taste and food concepts. New Ivory has approximately 180 employees and is headquartered in Elland, West Yorkshire.

Eric Terré, Chairman of Solina Group, said: “This is an excellent growth opportunity for Solina. Because of the attractiveness of the specific business model of our sector, we are seeing an increasing number of new players looking at acquisitions in our market. But this deal highlights our capacity to grasp the best opportunities. Our knowledge of the sector, combined with our financial flexibility and our track record of successful acquisitions, allows us to offer the best solutions for sellers and partners. We are now actively looking for additional build-up opportunities not only in the UK, Germany and other European countries but also in the USA.”

Laurent Weber, CEO of Solina Group, added: “New Ivory is widely recognized for its proactivity and service level in both the retail and industry markets. This deal enables Solina Group to offer a complete range of savoury R&D services in the UK, which is the most innovative European market.”

Mr Weber continued: “Solina is further expanding across Europe, with a build-up strategy in all major markets. We are rolling out a smooth and efficient integration programme for all new teams joining the group. Our business relies on local operations and we intend to keep it that way. New teams will join Solina knowing that their business remains in their hands and that the group adds value. We want to remain a highly innovative, service-orientated, fast and agile company. In addition, our size provides the group with the opportunity to secure synergies in our procurement as well as unique opportunities to grow for our preferred suppliers.”

The transaction completed on 20 September 2016. The transaction terms were not disclosed.

Oghma Partners LLP acted as exclusive financial advisors to Solina.

For the full press release please click here.

For further information please contact:

Tim Owen                                                                                                                 
Partner                                                                                                                              
Oghma Partners LLP
tim.owen@oghmapartners.com

Mark Lynch
Partner
Oghma Partner LLP
mark@oghmapartners.com

UK Food & Beverage Sector: Employee Ownership –Another Route to Exit

June 6, 2016

The Oghma Partners LLP T1 2016 M&A Review has now been released!

In this latest edition of the review, we consider activity in the Food & Beverage sector for the first four months of 2016, in light of an interesting few years in the industry.

In our review, we investigate UK Food and Beverage market deals – both the large and the small – with analysis into the buyers, the sellers and the trends. Furthermore, we consider employee ownership as an alternative route to exit and the relative advantages and disadvantages to such a process.

To view the full press release please click here.

To request a copy of the review, to be put on our mailing list for future updates or for further information on Oghma Partners, please do get in touch via our “Contact us” link on our website or via the contact information below;

UK Food & Beverage Sector: Valuations following 2015 Trends

May 10, 2016

Oghma Partners LLP is pleased to announce the release of the T1 2016 M&A Review of the UK Food & Beverage Sector.

Our review offers a detailed analysis of activity in the UK Food & Beverage sector for the first four months of 2016, including an overview of valuation multiples paid for UK businesses. The 2016 YTD EBITDA multiple remains on a comparable level to 2015, due to deals such as ECI’s acquisition of MPM pet foods and the Brown-Forman Group’s acquisition of the Benriach Distillery Co.

To view the full press release please click here.

Please contact us to enquire about the review, to request a copy and to be put on our mailing list for future updates.

If you would like to learn more about Oghma Partners and the work we do, please do get in touch via our “Contact us” link on our website or use the contact details below;

UK Food & Beverage Sector: Food and Beverage M&A at Record Levels

May 4, 2016

The Oghma Partners UK Food & Beverage Sector M&A Review for the first tertial of 2016 is due to be released shortly.

The review looks at activity in the UK Food & Beverage sector for the first four months of 2016, highlighting how the market has enjoyed its most active period since 2007 and looking into the underlying trends which have supported this.

For further detailed analysis, to request the review or for further information on Oghma Partners, please contact us via our “Contact us” link on our website, or using the contact details below. We would also be pleased to add you to our mailing list for future updates.

Please click here for the full press release.

UK Food & Beverage Sector: Overseas Buyers, UK Targets, High Multiples

February 3, 2016

The Oghma Partners LLP 2015 M&A Review has now been released!

In this latest edition of the review, we not only consider activity in the Food & Beverage sector for the final four months of 2015 but also put the year in context, in what has been another fascinating year for the industry.

In our review, we investigate UK Food and Beverage market deals – both the large and the small – with analysis into the buyers, the sellers and the trends. We consider continued interest in the UK market from large overseas buyers, for example Monde Nissin’s acquisition of Quorn and Lotus Bakeries’ acquisition of Natural Balance which were headline-making deals towards the end of the year and at high valuations. Please do request our review for further analysis.

To request a copy of the review request, to be put on our mailing list for future updates or for further information on Oghma Partners, please do get in touch via our “Contact us” link on our website.

www.oghmapartners.com

For the full press release please click here.

UK Food & Beverage Sector: Beverage Sector Particularly Buoyant

February 1, 2016

Oghma Partners LLP is pleased to announce the release of the T3 2015 M&A Review of the UK Food & Beverage Sector.

Our review offers a detailed analysis of activity in the UK Food & Beverage sector for the last four months of 2015, including an overview of the buoyancy of interest in the UK beverage industry. This has been demonstrated by the number of deals jumping from 10% in 2014 to 22% in 2015, when measured as a percentage of total UK deals.

Please contact us to enquire about the review, to request a copy and to be put on our mailing list for future updates.

Furthermore, if you would like to learn more about Oghma Partners and the work we do, please do get in touch via our “Contact us” link.

www.oghmapartners.com

For the full press release please click here.

UK Food & Beverage Sector: Record high deal value in Food & Beverage M&A in 2015

January 28, 2016

The Oghma Partners UK Food & Beverage Sector M&A Review for the third tertial of 2015 is due to be released shortly.

The review looks at activity in the UK Food & Beverage sector for the last four months of 2015, highlighting how the market has enjoyed a five year high in deal value in line with the wider global M&A market trend in 2015 and looking into the underlying trends which have supported this.

For further detailed analysis, to request the review or for further information on Oghma Partners, please contact us via our “Contact us” link on our website. We would also be pleased to add you to our mailing list for future updates.

www.oghmapartners.com

For the full press release please click here.

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