Food & Beverage
Spayne Lindsay & Co. advises investment funds advised by Vision Capital LLP on the sale of Park Cake Bakery (“Park Cakes”) to its leadership team and private investors.
Spayne Lindsay is delighted to announce that it has advised investment funds advised by Vision Capital LLP on its sale of Park Cakes, a leading UK bakery business, to the leadership team and private investors
The transaction allows the leadership team behind Park Cakes’ growth, to continue to build on the success of recent years
Park Cake Bakery has sites in Ashton Road, Oldham and Bella Street, Bolton, employs 1500 people and supplies Cakes and Desserts to household names, such as Marks and Spencer, Tesco, Sainsburys’, The Co-op, Morrisons’, Aldi and Lidl. Turnover for Park Cakes has risen from £110m in 2013, to its current turnover of £160m
Ollie Jones, Vision Capital commented:
“Vision Capital enjoyed working with the Spayne Lindsay team whose sector expertise, thoughtful deal structuring and technical execution skills were invaluable during our ownership of Park Cakes. Spayne Lindsay invested in a long term relationship with us and worked tenaciously throughout”