Sale of Rhokett to Palacios Alimentación

DATE
October 2021

TRANSACTION TYPE

Corporate acquisition

VALUE
Undisclosed

SECTOR
Food & Beverage

Spayne Lindsay is delighted to announce that it has advised Rhokett, a leading supplier of premium desserts in the UK, on the sale of a majority stake to Palacios Alimentación, a Spanish food manufacturer backed by MCH Private Equity and Ardian.

Rhokett was established in 2002 by Martin Dockett (CEO), Peter Le Voir (Chairman) and the late Michelin star chef Gary Rhodes, OBE, who provided financial backing. The business has delivered continuous growth through expanding its award-winning product offering and blue-chip customer base, whilst investing in exceptional manufacturing capabilities and building up a tremendous team, with strong backing from its many key stakeholders.

Peter Le Voir, Chairman at Rhokett, commented:

“We are very grateful to our advisers at Spayne Lindsay and Thomson Snell & Passmore for guiding us through the majority shareholding sale process to Palacios, who we have known for some years. We look forward to the partnership and tremendous opportunities with Palacios going forward who we believe will be strong custodians of the key elements of the business that we and in particular Martin, have built up including key customer and other stakeholder relationships, and our tremendous team.”

Martin Dockett, CEO at Rhokett, commented:

“The Spayne Lindsay team were incredibly supportive throughout the process and very thorough in their approach. Their ability to get to the point and cut through the noise was invaluable. If I ever had to sell a business again I would definitely hire Spayne Lindsay to do it.”