Rhokett Sold to Palacios (backed by MCH Private Equity and Ardian)
Rhokett Sold to Palacios (backed by MCH Private Equity and Ardian)
Transaction
Overview
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.
“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.”
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