Project Seine was the acquisition of New Ivory of the UK by French Ingredients Company Solina. Oghma Partners was appointed by Solina to find bolt-on acquisitions in the UK. After a process of understanding precisely what our client was looking for and then reviewing the opportunities – New Ivory was identified as a potential target. Oghma contacted the owner of New Ivory and secured a meeting for our client. After initial due diligence Oghma assisted with evaluation of the New Ivory business and the submission of an indicative offer moving to Heads of Terms. Oghma also assisted in the appointment of third party advisors to our client and co-ordinated and oversaw the Process to conclusion including price negotiation discussions. The Project was executed in a timely and smooth manner with an initial appointment in February 2016 and completion in September 2016.
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