Advised the Seller
Spayne Lindsay is delighted to announce that it has advised Real Good Food plc (‘RGF’) on the sale of Brighter Foods Ltd (‘Brighter’), to THG plc (‘THG’) for £43m.
Founded in 2014, Brighter is an award-winning developer and manufacturer of snack bars with a proven track record of working in partnership with leading international snack bar brands, including an increasing number of blue-chip customers, and innovative small and medium sized companies. From its factory in Tywyn, in mid-Wales, Brighter develops and manufactures a breadth of bars with a variety of ingredients, nutritional requirements, toppings, finishes and formats.
Mike Holt, RGF’s Chairman, commented:
“The value being realised from the sale of Brighter Foods is a good outcome for Real Good Food which will enable the Group to halve its debt and eliminate its pension deficit. I am very grateful for the hard work and support given to us by Shaun Brownell, Julieta Dorantes and Peter Malovany; their knowledge, professionalism, commitment and advice were invaluable. They are a great team to work with and a team you want on your side.”
Robin Williams, Brighter’s Founder and CEO, commented:
“The team at Spayne Lindsay diligently oversaw the sale process and handled the complexities and challenges that arose with outstanding professionalism and composure. From the outset, they offered a solution focussed approach to the deal and were able to generate interest in the project from very high-quality bidders, such was the extensive range of contacts they had in their network and their firm understanding of how each could benefit from the potential acquisition.”