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Rude Health offers dairy-free drinks, cereals and snacks, achieving 24 Great Taste Awards since 2020. Rude Health’s commitment to ingredients means each is meticulously picked for flavour, provenance, sustainability and health. Rude Health recently recertified as  BCorp with a score of 120.7, making them the #3 food and drink BCorp brand in the UK. 

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Rude Health will continue to make the products everyone has come to know and enjoy. Oddlygood will establish a base for its UK and European operations and support the expansion plans. The move will see Oddlygood increase its market share of the competitive UK plant-based drinks category, worth £511m.

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Oddlygood is a key player in the Nordic plant-based market, where in six years it’s grown to an anticipated turnover close to €50m this year and a widely stocked range of plant-based alternatives to milk, cheese, desserts, cooking products and yoghurts.  

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It launched its plant-based puddings into the UK market in 2023 and established itself in the competitive UK plant-based drinks category earlier on this year. Oddlygood’s mission is to raise the standard of plant-based food and drink. The UK is a key territory for the brand and its acquisition of Rude Health will further diversify the business beyond the Nordics and drive both UK and European growth.

ApHogee is a leading brand of professional hair care products, known especially for its Two-Step Protein Treatment for severely damaged hair.

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Alfaparf Milano is very happy to complement their Professional brands portfolio with a successful brand that has loyal consumers, retailers and wholesale distribution partners as it aims to further boost ApHogee’s growth with their R&D and marketing capabilities.

The acquisition will allow Hero to enter the UK snacking market with a brand that shares a similar way of thinking, values and mission. The deal will allow Deliciously Ella, which has experienced rapid growth and sold more than 100m products since it was founded in 2016, to reach millions more customers around the world. 

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Hero is already present in the UK market with its Organix brand, which focuses on organic foods and snacks for babies, toddlers and kids. 

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Deliciously Ella founders Ella Mills and Matthew Mills, who is CEO, will remain with the company as they lead the next stage of growth.

Founded in 1991, Europe Snacks is a leading pan-European private-label player in savoury snacks, supplying major food retailers throughout Europe and acting as a trusted co-manufacturing partner to international brands in the region.

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Europe Snacks develops, produces and markets more than 1,200 product references of savoury snacks sold in over 50 countries from its factories located in France, the UK and Spain. The company employs more than 2,200 people.

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Europe Snacks has has grown from a French player into a pan-European leader through both organic development and M&A including three transformational acquisitions: Kolak Snack Foods (UK) in 2016, Grupo Ibersnacks (Spain) in 2018, and Burts (UK) in 2023.

Founded in 1994, Pagnifique Uruguay is the #1 producer of frozen bread and pastries in Uruguay, operating through state-of-the-art industrial plants and in-store bakeries inside supermarkets.

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Grupo Bimbo’s acquisition of Pagnifique Uruguay is aligned with its strategic expansion across Latin America, adding significant value to its portfolio of baked goods and frozen bakery products. The acquisition is expected to enhance Pagnifique’s growth prospects, product innovation and reach, benefiting consumers with an expanded range of quality options.

The IDAK Food Group is a strongly networked group of specialized companies and manufacturers in the premium frozen food sector.

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IDAK is active in three business segments: potato products & snacks (KADI), pizza & snacks (Margherita) and Bakery & snacks (Romer’s).

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The platform has best-in-class manufacturing capabilities in Switzerland and Italy with a distinct focus on superior product quality, innovation and long-standing relationships with blue-chip customers in the foodservice, retail and bake-off channels.

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It is growing rapidly, both organically and through strategic acquisitions in Switzerland and abroad, even in a challenging economic environment, and is extremely successful in the market. The company sees further potential for selective acquisitions in Europe in order to expand existing business areas or develop additional ones.

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Founded in 1934, The Jones Village Bakery Group is a Welsh company that produces a range of premium, artisan-inspired bakery products that are unique in the UK and Europe.

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As part of this transaction the Menissez Group will partner with the Jones family and with Management.

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The Menissez Group and The Jones Village Bakery Group share common family values and a long-term development plan, both in the UK and internationally, which will enable them to offer their customers a wider range of high added-value bakery products that are unique in the market.

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Established in 1885, Clearly Drinks is a brand owner and manufacturer of soft drinks and bottled-at-source spring water in cans, glass and polyethylene terephthalate (“PET”) (plastic) bottles, and currently services c.70 customers nationwide including major UK retailers.

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Alongside manufacturing its own brands and providing private and own label beverages for supermarkets and discounters, Clearly Drinks is a contract manufacturer for a number of the world’s largest soft drinks companies.

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Clearly Drinks is the owner of Perfectly Clear, Northumbria Spring and Revolution Waves, offering a diverse range of products across its beverage brands portfolio including spring water (still and sparkling), energy drinks, isotonic vitamin drinks, flavoured spring water, juices, coffee-based beverages, and mixers and tonics.

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Founded in 2018 by Mauro D'Errico and Gianluca Lotta and based in Turin, Fra Diavolo has grown rapidly, now managing 24 sites, establishing itself as a point reference in Italian full service catering with a focus on pizza, combining Neapolitan style artisanal pizza with a modern twist. Fra Diavolo is planning to continue growing in Italy and abroad, with a first location expected to open in Miami in 2024.

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Founded in 1990, Moulin d’Or is a pioneering company in the sweet baked goods market in Tunisia. It is a household name with exceptional brand equity, offering over 70products in cakes, breads, biscuits, and salty snacks categories. Through its three bakeries in Tunisia, a strong distribution network and over 700associates, Moulin d’Or supplies the entire national market and exports to more than 15 countries.

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Strong Roots focuses on simple, real food that’s good for the planet and for people. They have developed a range of on-trend vegetable forward dishes, including meals, sides and snacks, which complement McCain’s current portfolio and will ensure customers and consumers worldwide get better access to high-quality, sustainable food.

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The two businesses share a deep focus on environmental sustainability with McCain committing to implement regenerative agriculture practices across 100% of its potato acreage by 2030, and Strong Roots B Corp status.

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The two brands previously announced a strategic partnership in 2021, with McCain investing to expand Strong Roots' product offering and bring vegetable forward, environmentally responsible food choices to more consumers around the world.

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Founded in 2009 by James Orr, Crosta & Mollica is a B-Corp certified branded grocery business achieving exceptional growth through the contemporary reimagining of Italian classics across multiple categories. Authentically ‘Made in Italy’ using premium ingredients and regional recipes, the brand has established a devoted following amongst consumers and can be found in leading supermarkets in the UK and across Europe.

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Perwyn will support the business as it continues apace with its international expansion whilst maintaining momentum in the UK through sustained product innovation, exceptional customer service and brand investment. James and the incumbent team will remain with the company and be joined on closing by David Milner, a highly experienced food executive who arrives as Chairman having held leadership positions at Tyrrells, Lily’s Kitchen and St Pierre.

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Max Plus, a French B2C discount and stock clearance retailer, has been taken over by the German retail store chains operator TEDi, as part of a receivership proceeding with Rennes Commercial Court initiated in the spring.

TEDi will take over most of the employees and will invest into the refurbishment of the 45 stores acquired which will be re-branded under TEDi's brand.

Hambledon is widely considered  to be one of the leading English sparkling wine producers, winning multiple awards, and is England�s oldest commercial vineyard, with vines first planted on the site in 1962. Today, Hambledon produces wine from 200 acres of vineyard planted on the same grade of chalk as Grand Cru C�te des Blancs in Champagne. It is one of the few leading English producers with the capacity to produce more than 500,000 bottles per year of estate-grown sparkling wine 100% from chalk soils.

NIAB’s Strawberry Breeding Programme, includes the strawberry varieties within Malling™ Fruits, and has been operating for more than 40 years from its roots at East Malling™ Research Station which is located in Kent, UK and which has long been associated with excellence in horticulture innovation.

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The move will allow NIAB to concentrate on its soft fruit research, similar to its already established programmes in arable crops, as the organisation moves to prioritizing the provision of translational research to benefit growers, consumers and the environment. It will also open up new opportunities to work with leading soft fruit breeders and propagators across the industry, including Bayer.

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This transaction adds to Spayne Lindsay’s extensive credentials advising corporate clients on complex cross-border sell-side transactions and builds on extensive experience in Agri and Fresh Produce, including the sale of Berry Gardens Limited, the sales, packaging and distribution entity of Berry Gardens Grower Cooperative to Driscoll’s, the global market leader of fresh strawberries, blueberries, raspberries and blackberries.

Founded in 2014 by two agricultural engineers, HARi&CO is a mission-driven company committed to leading the food transition toward plant-based protein with gourmet, healthy and innovative products. All of HARi&CO’s products are based around pulses (lentils, chickpeas and beans) and are organic, clean-label, additive free and 100% plant based. With more than 35 employees, HARi&CO is present in mass distribution in more than 5,000 stores, including the collective catering sector.

Founded in 1870 and headquartered in Norfolk, England, Anglia Maltings encompasses a diverse portfolio of businesses including Crisp Malt, Micronized Food Products (MFP), and EDME Food Ingredients.

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Anglia Maltings operates seven malt facilities in the UK, Poland, and Germany, with a combined capacity of 440,000MT. Crisp Malt collaborates with local farmers to source the highest-quality malted barley, serving breweries and distilleries and the food industry worldwide. MFP specialises in the production of cereals and pulses for brewing and animal feed, while EDME Food Ingredients focuses on malted and non-malted products catering to the baking industry.

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Given the growing global demand for malting barley, predominantly driven by the brewing and distilling industries, Richardson’s proven track record of strategic expansion and investment positions the company to meet the increasing requirements of an international customer base.

The Snowfox Group has established itself as a highly reputable global sushi platform, fulfilling increased consumer demand for Japanese food across its four distinct brands – Snowfox, Bento, Taiko and YO! in North America and the United Kingdom. The Group provides consumers with high quality, convenient and affordable Japanese food and operates approximately 3,000 chef-operated sushi kiosks and other restaurants in North America and the UK, as well as being a sushi manufacturer and wholesaler.

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Spayne Lindsay is pleased to have advised Mayfair Equity Partners LLP from start to finish of their investment journey, having advised on the initial acquisition of YO! Sushi, the UK‐focused sushi restaurant business known for its innovative conveyor belt and an iconic consumer brand in 2015, as well as the subsequent acquisitions of Bento Sushi (2017) and SNOWFOX® (JFE Franchising, Inc.) (2019) that formed key parts of the successful buy & build strategy, through to the ultimate exit to a highly strategic international trade buyer.

If you are interested to understand more about this transaction, then please contact us and a member of the team will be happy to answer any questions you may have.

In line with its strategic objectives, this acquisition enables Avril to consolidate its position in the global plant-based protein food market and thus meet consumers’ changing needs. As a pioneer for the last 40 years in the transformation of plant-based protein at every stage of the value chain, Avril is now accelerating the development of one of its fields of excellence, namely sunflower. Avril will be the leading industrial player in the production and marketing of high value-added sunflower proteins.

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This acquisition demonstrates Avril’s determination to accelerate its development, in addition to its partnership with DSM, dedicated to extracting rapeseed protein, and also with its business unit, Vivien Paille, for the production of pulse proteins ingredients.

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Established in 2017 by capitalizing on the work of the Fraunhofer-Gesellschaft in Munich, a prestigious German R&D institution focused on applied sciences, Sunbloom Proteins specializes in producing and marketing sunflower proteins. Based in Munich, the company employs 35 people and operates an industrial unit in Hungary.

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Its core business activity consists of applying a unique, patented process to produce protein concentrates of high functional, organoleptic, and nutritional quality from sunflower seeds, a non-allergenic and non-GMO European vegetable raw material. Sunbloom Proteins’ products fully meet the expectations of consumers and the industry. The company provides new sources of sustainable protein enabling a range of segments to be addressed, such as ready meals, vegetable drinks and desserts, bakery goods, and even sports nutrition.

The goal of the strategic alliance is to build a robust microbial and bio-solutions ecosystem in India by delivering high-quality biological products that improve the quality and quantity of crop yield.

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Kan Biosys operates in seven states and exports products to seven countries. The company’s DNA is centered around innovation, evident from its track record of achievements. Kan Biosys began its journey by obtaining the first Indian patent for liquid biofertilizers for nitrogen-fixing bacteria, which was recognized with the first Technology Day award and WIPO gold medal of the United Nations. Since then, the company has collaborated with over a million farmers in India and established a reputation as a leading player in the industry, with numerous firsts to its credit, such as Milastin (first registered bio-fungicide based on Bacillus subtilis KTSB 1015 was registered for control of powdery mildew in grapes).

Headquartered in Trafford Park, Smithfield Murray is one of Europe’s leading suppliers of prepared raw poultry to retail and food service manufacturers, which in turn supply international, national and regional retailers and food service companies. Founded in 1987, the business uses cutting edge processing technology to supply complex value-add fresh protein solutions with exceptional levels of service quality and an assurance of the highest hygiene and safety standards.

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Endless backed the existing management team and founding shareholders Damien Murray and Martin Grady, who will continue to lead the business and drive its growth plans with Endless’ backing.

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Having supported Endless on the acquisition of YPM, we are delighted to have advised them on this transaction furthering our sector expertise in protein and protein alternatives.

Founded by Michelle Pfeiffer, Henry Rose operates on the belief that ingredient transparency is essential and was founded to set a new precedent in fine fragrance by disclosing 100% of its ingredients. Henry Rose creates complex and evocative genderless scent experiences based on the strictest and most comprehensive health, safety and environmental standards set forth by two industry leading non-profit organizations, the Environmental Working Group (EWG) and Cradle to Cradle (C2C) Products Innovation Institute. It is the first and only fine fragrance to receive both distinctions of EWG Verified® and Cradle to Cradle Certified™

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Since launching with five fine fragrances via a direct-to-consumer model, Henry Rose has now grown to include 11 fine fragrances, complemented by an assortment of body, home, and gifting products. Henry Rose has generated exceptional revenue growth, more than doubling its new customers year-over-year and building an enviable cult following that identifies with the brand’s mission. Henry Rose recently extended its distribution strategy to include luxury retailer partners such as Credo, Neiman Marcus, Bergdorf Goodman, and Nordstrom.

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In 2022, Henry Rose engaged The Sage Group to advise it on raising strategic growth capital from an investor partner that could help it scale and accelerate its growth ambitions. The Company received significant interest and ultimately selected Sandbridge Capital, a consumer-focused investment firm that invests exclusively in high growth global consumer brands.

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JAXXON, an industry-leading, disruptive, direct-to-consumer jewelry brand, has partnered with Digital Fuel Capital and Timex Group (majority owned by The Baupost Group). Founded by Josh Deemer in 2018, JAXXON has scaled rapidly, leveraging its highly engaged and diverse customer community who view JAXXON as the ultimate destination for timeless designs and high-quality pieces. Offering a range of chains, bracelets, rings, and pendants, JAXXON’s wardrobe staples enhance any ensemble and can be worn every day from the gym to the office, to a night out.

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Propelled by a rapidly growing social following and an enviable roster of celebrities and athletes, JAXXON has predominantly grown its business through its own direct-to-consumer platform, and will continue to expand its omnichannel presence as it scales the business.

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Founder and CEO Josh Deemer will continue to run the business from its headquarters in Newport Beach, California with strategic insight from the teams at Digital Fuel Capital and Timex Group.

LCDD creates, produces, sells and distributes artisanal ice cream and premium frozen pastries to more than 23,000 food service clients across Europe, mainly in France, Spain and the UK. The company is a highly regarded player in the dessert market, with unique access to food service customers and praised for the quality of its products.

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In 2020, PAI Partners launched the €920 million PAI Mid-Market Fund which makes investments in leading mid-market companies across Europe. PAI MMF is highly distinctive in combining both a strong local presence and the ability to access PAI’s wider experience and international platform. LCDD is PAI MMF’s sixth investment after Amplitude Surgical, Angulas Aguinaga, MyFlower, Scrigno and Uvesco.

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This acquisition is Spayne Lindsay’s tenth transaction in the bakery and dessert sector in Europe and fifth in France over the last two years, underlining our unique sector expertise.

The super-premium plus segment of the rum category is in the early stages of premiumisation, with a compound annual growth rate (CAGR) of 18% in Europe and 27% in the US between 2016-2021. Through the same period, Don Papa Rum consistently outperformed the market in Europe, delivering a 29% CAGR*.

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Launched in 2012 by entrepreneur Stephen Carroll, together with Manila-based AJ Garcia, Don Papa is currently available in 30 countries, with France, Germany, and Italy being its largest markets. Don Papa Rum has a unique flavour profile, highly distinctive packaging and an authentic brand story rooted in the unique and beautiful island of Negros Occidental — known locally as ‘Sugarlandia’.

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The rum is distilled in the Bago distillery on the island and aged on the island in American oak barrels. The combination of the local sugar cane, unique soil and climate and the oak barrel ageing in the hot tropical climate provides the foundation for Don Papa’s long, rich-textured finish, which carries flavours of vanilla, honey, and candied fruits.

Founded in 1815 by Guillaume Mestrezat, Mestrezat has been acknowledged as a reference among negociants. Mestrezat has developed genuine expertise in marketing Grands Crus by establishing close ties with Bordeaux’s top-end châteaux. Mestrezat is one of the main recipients of primeur allocations from the Place de Bordeaux.

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Founded in 1895 by Jean Laffort in the Bordeaux region, Laffort is a family business specializing in the design, manufacture and distribution of oenological products, covering all stages of winemaking and aging of wine. Laffort is the world’s leading supplier of oenological products and exports its know-how internationally with a presence in more than 70 countries.

If you would like to know more about this transaction, please get in touch.

Di Marco is the inventor and the global leader in Pinsa Romana; a light, crunchy and highly digestible alternative to the Neapolitan pizza base. The product has been an exceptional success since its launch in 2001 with Pinsa Romana now being served in several thousands of “Pinserias”, bars, and restaurants in more than 40 countries worldwide.

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Di Marco’s products are widely recognised as the gold standard of Pinsa giving Di Marco a leading presence in the foodservice sector in Italy. More recently, it has launched in the grocery channel under the brand “Nuvola” which is growing rapidly in Italy and abroad.

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Abénex is a leading French mid-market international private equity firm, with c.€1.5bn of invested capital and more than 75 investments completed since inception, and this represents their first investment in the Italian market.

Founded 50 years ago, Berry Gardens Growers Limited is the UK’s largest production group of berries and stone fruits. Established and run as a wholly owned UK grower co-operative, the business has a centralised service model that allows growers, from across the UK and overseas, to access the company’s proprietary R&D and focus solely on producing the best fruit possible.

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Berry Gardens has grown, distributed and marketed Driscoll’s varieties on an exclusive basis in the UK for more than 20 years. The sale of the commercial desk to Driscoll’s is the latest development in the longstanding relationship between the two businesses.

Founded by Mr. Louis François in 1908, Louis François is a family-owned French developer of specialty, functional ingredients for gourmet pastry, chocolate, confectionaries and ice-cream premium artisans, culinary experts and food manufacturers. Louis François offers a portfolio of 300+ functional products, serving a diversified client portfolio worldwide composed of artisans, chefs and food producers. The company currently operates 2 sites in France (Croissy-Beaubourg and Jouy-sur-Morin), employing about 30 people.

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Novax, a long-term investor and operating partner, is pleased to offer its commitment to together with the team build and expand Louis François over the years to come. Since Novax’ entry into specialty ingredients, marked by the inception of Novax Ingredients, they have been careful and selective in partnering with independent niche leaders with unique, competitive positions. Novax Ingredients is focused on developing clean, functional & sustainable ingredient solutions for the food industry, helping manufacturers solve process & development challenges through product reformulation – be it within improving nutritional profiles or enhancing overall product quality.

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Both Novax and Louis François see great mutual potential in collaborating – both companies are niche market leaders with specializations that complement another. Novax will further develop the Louis François brand in full respect of its heritage as prime supplier to the gastronomic sector, premium chefs and artisans.

Boulangerie Louise, founded by Laurent Menissez in 2010, is one of the leading artisanal bakery chains in France. Its sister company, Maison Menissez, is one of the leading industrial bakery businesses in France. Louise is a certified “Artisan Boulanger” with differentiated and compelling retail bakery operations. Louise has c.130 sites spread across France and makes c.90% of its products on-site using the artisanal know-how of its qualified bakers and raw materials that are sourced from local millers to guarantee quality.

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Teract is a major player in responsible distribution in the growing markets of gardening, pet shop and food retail. Through its subsidiary InVivo Retail, Teract brings together the gardening brands Gamm Vert, Jardiland, Delbard and Jardineries du Terroir, the food retail chains Frais d’Ici and Bio&Co food and the pet shop Noa. Teract’s majority shareholder is InVivo, one of Europe’s leading agricultural and agri-food groups.

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Teract is the outcome of the merger of InVivo Retail and listed SPAC vehicle 2MX Organic earlier this year.

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The partners’ plan is to continue to develop Louise through internal growth and external growth, by continuing to open Louise points of sale directly and under franchise and by setting up Louise stores in certain InVivo Retail banners.

Nutra Skills is comprised of two complementary companies: Laboratoire Pierre Caron, specializing in the development, production and packaging of food supplements; and Codilab, the key manufacturer of dry food supplements. It was founded in 2002, with two sites based in Sérente & L’Herbergement, France. Currently standing at a revenue of €20m & with innovation at its forefront, the leading company holds a significant space in the French nutraceuticals CDMO market.

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Biofarma Group’s acquisition of Nutra Skills will provide a mutually beneficial co-operation, boosting its growth and innovation by providing Nutra Skills’ customers with direct access to a wide portfolio of differentiated products.

Baricol, founded in 2015 and based in Gothenburg, Sweden, offers bariatric surgery patients digital and holistic therapeutic solutions for a healthier life after surgery. Baricol provides personalised supplements for bariatric patients in Europe, the UK and the Middle East, and has recently developed the BariBuddy digital application that provides a solution for the long-term challenge of adherence to daily supplementation and healthy routines post-surgery.

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FitForMe is a leading nutritional supplement brand founded in 2005 and based in Rotterdam, the Netherlands, that is active in more than 29 countries where it sells scientifically backed supplements to bariatric surgery patients. The acquisition of Baricol will allow FitForMe to deliver innovative solutions to support more patients globally.

Safilait, established in 2006, has grown into Morocco’s third-largest dairy player with its Jibal® brand. In 2021, the company employed nearly 1,500 people and operates a production site in Morocco’s Fkih Ben Saleh region.

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This transaction will enable Bel to focus on their core cheese brands internationally while furthering Polmek’s long-term plan of foreign expansion by establishing a footprint in the Moroccan market, with a well-established household brand, a solid asset-base, and an experienced management team.\This transaction adds to Spayne Lindsay’s extensive credentials advising corporate clients and investors on carveout transactions in the food sector and on its expertise in dairy and dairy alternatives.

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This transaction adds to Spayne Lindsay’s extensive credentials advising corporate clients and investors on carveout transactions in the food sector and on its expertise in dairy and dairy alternatives.

KTC is one of the UK’s largest suppliers of edible oil, supplying over 250 million litres a year to manufacturers, retailers and wholesalers across the UK and globally. Headquartered in Wednesbury (West Midlands) and established in 1972, the founding family have grown the business to over £400 million turnover, four production sites and 450 employees.

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Endless’ acquisition of KTC will provide additional investment for the company’s ambitious growth plans through further development of its operations, range and service offerings.

Little Moons was founded in 2010 by siblings Vivien and Howard Wong, inspired by their parents' bakery and their passion for quality, taste, and craftmanship. Little Moons makes "ice cream from another world" – bite-sized balls of artisanal gelato wrapped in a layer of mochi dough.

Little Moons ice cream bites boast intense flavour without preservatives or artificial ingredients, addressing both indulgence and health trends. As one of the fastest growing food brands in the UK, the Company's highly differentiated product is sold to both restaurants and stores, generating high brand traction and demand across a broad range of engaged and passionate consumers.

With L Catterton's support, Little Moons will be positioned to accelerate its growth and international expansion.

Frankies Bikinis a leading, digitally native, beach-inspired lifestyle brand that celebrates and empowers women. The Company was founded in 2012 by then 17-year-old Francesca Aiello and her mother, Mimi Aiello. The brand has developed a cult following, known for its innovative and trend-setting aesthetic, laid-back Malibu vibe, and values of inclusivity and diversity. Appreciated for its authentic brand story and collaborations with global icons such as Naomi Osaka and Hailee Steinfeld, Frankies Bikinis has cultivated a highly engaged following of loyal fans and influencers such as Hailey Bieber, Kendall Jenner, Lady Gaga, Bella Hadid, and Jennifer Lopez, among many others.

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Frankies Bikinis reached out to The Sage Group in mid-2021to explore investment opportunities. After an extensive marketing process, the Company chose to partner with Victoria’s Secret. Creative Director Francesca Aiello, President Mimi Aiello, and Chief Operating Officer Frank Messmann will continue to run the business from their headquarters in Venice, California, in collaboration with strategic insight from Victoria’s Secret.

Chilewich is a leading textile design brand for residential and commercial interiors recognized for having transformed and elevated the tabletop and floor mat categories. The company was founded in 2001 by Creative Director Sandy Chilewich, who was joined by CEO Joseph Sultan in 2004. Chilewich disrupted the market with its beautiful woven placemats and has since expanded its product portfolio to include floor mats, floor tiles, wall-to-wall carpeting, wall covering, and other accessories. The New York-based company has become a global provider of textile products sold in major department stores, such as Bloomingdale’s, Neiman Marcus, and Nordstrom; as well as in home and kitchen retailers, such as Crate & Barrel, Williams Sonoma, and West Elm, and at hundreds of specialty stores worldwide. In the hospitality world, Chilewich placemats adorn the tables of luxury hotels and restaurants in the US and internationally, including at The Four Seasons, Ritz Carlton, St. Regis, Le Bernardin, and Eleven Madison Park, to name a few.

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Chilewich also has a strong business to the trade whereby its flooring and wall product is specified for commercial developments, including offices, apartment buildings, hotels, fitness centers, restaurants, and healthcare facilities.

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Chilewich engaged the Sage Group to pursue sale opportunities in the marketplace. Chilewich chose to partner with Berkley Capital, and Sandy Chilewich and Joe Sultan will continue with the Company in advisory roles.

Headquartered in South Kirkby, YPM processes and supplies a range of meat ingredients into food manufacturers as well as the rapidly expanding direct to consumer subscription box meal market. YPM’s unique offering gives high flexibility of supply with unrivalled levels of customer service across multiple proteins with exceptional product quality and integrity.

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Endless backed the existing management team of Ed Lake, Stirling Oswin and Tariq Habib, who will continue to lead the business and drive its growth plans with Endless’ backing.

If you are interested to understand more about this transaction, then please contact us and a member of the team will be happy to answer any questions you may have.

BioTRUST Nutrition is a premium-quality, science-based, digitally native nutrition brand, empowering consumers in their health and wellness journeys as a trusted research authority and source of daily inspiration for healthy living. Founded in 2011, by Josh Bezoni and Joel Marion, the Company disrupted the outdated nutrition industry with a suite of premium healthy living vitamins and supplements, and has since become the go-to DTC resource for ongoing nutritional needs.

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BioTRUST reached out to The Sage Group to explore M&A opportunities in the marketplace. The Company chose to partner with Wellbeam Consumer Health, the dedicated health and wellness platform of American Pacific Group.

Founded in 2015, Strong Roots is a leading plant-based food company which set out to fix the freezer aisle by creating a range of delicious plant-based options, that were sustainably farmed, shipped and sold. The brand was founded by Samuel Dennigan, with the vision that food can be better.  The company offers healthy, plant-based frozen food products, including Cauliflower Hash Browns, Mixed Root Vegetable Fries, Spinach Bites, and Kale & Quinoa Burgers. Its products are sold in over 8,000 stores worldwide including major retailers in Ireland, the UK, and the U.S., as well as Singapore, Iceland, United Arab Emirates, Australia and France.

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McCain Foods is the world’s largest manufacturer of frozen potato specialties, and also produces other quality products such as appetisers, vegetables and desserts that can be found in restaurants and retail stores in more than 160 countries around the world. In Canada, the company has eight production facilities with approximately 2,400 employees and, in addition to its famous French fries and potato specialties, makes frozen desserts, snacks and appetisers.

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As part of the transaction, McCain Foods has invested US $55m to take a minority stake in the business and support Strong Roots’ continued rapid growth.

Beauty Bakerie is an authentic and inclusive beauty brand globally recognized as the industry’s “modern bakery.” Founded by Cashmere Nicole, Beauty Bakerie has a distinctly playful, baking-inspired branding and accessible positioning, with high quality products that empower and inspire the “sweet life” in its loyal consumers worldwide. With a product portfolio covering eyes, lips, and face, Beauty Bakerie manages a selective distribution strategy that includes key retailers, such as Ulta, Target, and CVS, as well as its fast-growing website, www.beautybakerie.com.

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The Sage Group advised Beauty Bakerie in completing a recapitalization with New Voices Fund.

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Teremana was launched in March 2020 in the US by the actor Dwayne ‘The Rock’ Johnson along with co-founders Dany Garcia, Jenna Fagnan and Ken Austin.

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The brand has been an unprecedented success story selling around 300,000 nine-litre cases in its first year in the US, Canada and Mexico. In 2021, it more than doubled that figure, hitting 640,000 nine-litre cases.

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Teremana’s Tequilas are produced at a purpose-built distillery in Jesús Maria, Jalisco, Mexico, in partnership with the Lopez family, who also have a stake in the business. The range features blanco, reposado and añejo expressions.

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With this partnership, Jägermeister will further assist in the Tequila’s international sales, marketing and logistics strategies and bring ‘organisational structure’ to Teremana’s international rollout in the coming months.

Moma Foods is a UK-based breakfast brand specialising in plant-based oat milk, porridge, low-sugar granola and bircher muesli

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Gelpat is a French premium producer of frozen pastries specializing in chou-based desserts such as eclair, Paris-Brest and religieuse. It is recognized for the superior quality of its products and has recorded strong growth over the last few years.

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This acquisition is FDA’s first step into the French market and continues the group’s international expansion strategy in Europe and the US.

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Gelpat will strengthen its positions in the French market for chou-based pastries and abroad with the backing of FDA.

ekaterra is the world’s leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and TAZO®. With 11 production factories in 4 continents and Tea estates in 3 countries, ekaterra is growing a world of wellbeing through the regenerative power of plants. The business generated revenues of around €2 billion in 2020.

Spayne Lindsay is delighted to announce that it has advised Mayfair Equity Partners (“Mayfair”) on the acquisition of YO! Sushi, the leading Japanese fast-casual dining concept, valuing the business for £81 million.

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YO! Sushi operates 75 owned restaurants in the UK, five owned restaurants in the US, and has 13 franchise sites in the Middle East and Europe. The business, which has a turnover of approximately £85 million, offers a differentiated proposition consisting of its unique ‘kaiten’ conveyor belt system with a theatre-style kitchen.

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Since its inception in 1997, the business has evolved from a niche concept into one of the most recognisable brands in the UK. Mayfair’s investment will provide additional capital to support YO! Sushi’s plans for ongoing site roll-out in the UK and internationally, including the continued development of the concept in the US market.

Tortilla is the largest and most successful Mexican restaurant group in the UK. The Group has 62 sites worldwide, comprising 52 sites in the UK and 10 franchised sites in the Middle East.

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The brand is synonymous with an energetic, vibrant culture and with providing a great value-for-money proposition. It embraces fast-growing sector trends (including eating out, healthy eating, provenance, ethnic cuisine, delivery) across a variety of locations through a clearly defined multi-channel marketing strategy.

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Spayne Lindsay was appointed to advise on exit options and worked closely with the company’s shareholders and management to help maximise value and future growth.

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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.

The Bel Group is a world leader in branded cheese and a major player in the healthy snack market. Its portfolio of differentiated and internationally recognized brands include such products as The Laughing Cow®, Kiri®, Mini Babybel®, Boursin®, Pom’Potes®, and GoGo squeeZ®, as well as some 20 local brands.

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With this asset disposal, Bel ramps up rollout of its strategic roadmap with a view to boosting growth of its three complementary market segments – dairy, fruits and plant-based.

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Founded in 1933, Lactalis group is a French family business and the world’s no. 1 dairy products supplier. Serving the daily lives of millions of households, Lactalis is famed for iconic brands such as Président, Galbani and Parmalat and strives to ensure it sustainably upholds milk expertise as world no. 1 AOP provider.

Based in North Wales, Deeside Cereals is a leading manufacturer of innovative private label breakfast cereals and cereal bars for leading food retailers.

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The acquisition will bring together Wholebake and Deeside Cereals to form a new combined group operating in the bar and cereals categories.

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The combined group will be led by Peter Unsworth (Non-Executive Chairman) and Simon Faithful (CEO), who will focus on innovating and driving growth in both the expanding snack bar category and own label cereal market.

Created in 1929 by Joannès Hafner, Hafner Entreprises has specialized in pastry for artisan bakers, proposing ready-to-fill pastry shells and fresh pastries, with production units in France and Canada.

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This acquisition allows Hafner to strengthen its existing production capacities in Canada and cater to the growing North American demand for quality desserts.

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Selection du Pâtissier and Fins Gourmands are both producers of family-sized and single-serve frozen bakery products to North American retail and foodservice clients. Both companies were created in the 90s by local entrepreneurs who are now withdrawing from business.

Spearhead International was founded in 1966 and is one of the largest vertically integrated farming businesses in Europe. The company manages c. 80,000 hectares of farmland across Poland, the Czech Republic, Slovakia, Romania and the UK. It is a European specialist in Regenerative Agriculture, harnessing valuable data it collects through its application of state-of-the-art technologies for precision farming. Spearhead is increasingly focusing on growing value-added, on-trend specialty crops, catering to the largest food processing businesses globally.

ACP plans to support the business through organic as well as acquisitive growth and take advantage of industry trends of food traceability and tightening food specifications.

ACP was carefully selected based on its operational experience in the agricultural sector and on-the-ground expertise in Eastern Europe.

Founded in 2017 in Reggio Emilia (Italy), Pinsalab produces pinsa, a premium hand-made, pre-baked dough made of rice, soy, and wheat flours. Pinsa uses more water than the usual pizza dough and undergoes a longer levitation process of at least 24 hours. The mix of flours and the artisanal process guarantee a lighter crispy crust with a fluffy centre as well as fewer calories, lower fat and less sodium. The Company serves a significant portion of the main Italian food retailers, mostly through its own brand Pinsami, as well as a large contingent of foodservice operators.The company has enjoyed strong top-line performance on the back of exceptional growth of the Pinsa segment, generating annual triple digit percentage growth since its foundation. DICP will support the ambitious future growth plans of the Company, which include expanding production capabilities, the product offering and international sales.Pinsalab will continue to be managed by DICP co-shareholders and managers Fabio Grillo (CEO) and Mauro delle Vacche (CCO), as well as Robert Lehrer, newly appointed Chief Business Development International.

Sneak, was founded in 2018 by experienced entrepreneurs Will Peirce and Jonny Teeling. The business is the product of many years of the two working together having founded a number of successful direct-to-consumer brands within the health and wellbeing space. In Sneak the team have created a stand-out brand identity and harnessed a highly engaged customer base who are fully invested in Sneak's business model, frequently buying into new and limited-edition product 'drops'. The result of their innovative and creative approach to this traditional market is evidenced by the strong growth of the business to date having grown over 200% annually in the last three years.

Manchester-based Sneak has created an alternative to many of the legacy energy drinks on the market by producing a clean, powdered energy formula in tubs and sachets, as well as pre-mixed cans. Its range of exciting flavours, which are sugarfree and made entirely with natural colours and flavours are more suited to the next generation of consumers that care about the ingredients in their products. Notably in tandem, Sneak's strong and vibrant brand identity resonates with its core customer-base of new-media creatives and gamers and features across its range of merchandise and lifestyle apparel.

True will focus on supercharging the brand's international expansion, building out Sneak's distribution channels and supporting the business as it continues to disrupt the traditional energy drink market with its creative approach to marketing and ecommerce. True was carefully selected as Sneak's new partner based on its digital expertise and international network across grocery and retail.

Founded in 1984, Wholebake is the UK’s leading manufacturer of healthy gluten-free snacking products.

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Under the Management and leadership of Peter Unsworth (Chairman) and Simon Faithful (CEO), Wholebake has established itself as the premier snack bar co-manufacturing partner to third-party brands, as well as its own brands Brynmor, Nine and Bounce.

Panzani is one of the most visible French food brands and one of very few primary LBOs in food in Europe.

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More specifically, the transaction would include: 1) the Panzani®, Ferrero®, Regia®, Zakia® and Le Renard® brands, and 2) all the operating assets (including plants and mills) related to these brands.  The business perimeter contemplated in the transaction posted a turnover of €470 million in 2020 and employs 750 employees.  The business will remain headquartered in Lyon, France.  The divestment would not have any social impact on the employees of the business.

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The transaction has been valued at €550 million (the value of 100% of the business) and would comprise the sale of 100% of the share capital of Panzani S.A.S. Prior to the envisaged transaction, the fresh pasta and rice businesses, including leading brands Lustucru Selection® and Taureau Ailé®, would be carved-out and therefore remain within the Ebro Group.

If you are interested to understand more about this transaction, then please contact us and a member of the team will be happy to answer any questions you may have.

Founded in 2007 by Shaun Pulfrey, Tangle Teezer produces a range of innovative and tailored detangling, blow-drying and styling hairbrushes famous for their unique patented teeth technology. With record revenues of over £30m achieved in 2020 and presence in over 75 countries, the business has grown to become a world-renowned brand, recognised for creating the detangling haircare category, and is swiftly becoming an essential haircare companion to both consumers and haircare professionals. Tangle Teezer’s products are sold through well-established international online and multi-channel retailers with digital channels accounting for over 50% of sales today.

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Mayfair is partnering with James Vowles, CEO, and his team to support further product innovation and international expansion. Shaun will remain a minority shareholder in the business.

GLD is a leading, digitally native jewelry, accessories, and apparel e-commerce brand in the streetwear / urban category. Influenced by street culture, GLD disrupted the jewelry market by providing high-quality, aspirational product at an accessible price point – including a full suite of both classic as well as on-trend jewelry and accessories. GLD’s focus on community, authenticity, and inclusivity has fostered a highly engaged, diverse, and loyal customer base. The brand has built relationships with influencers such as Wiz Khalifa, Justin Bieber, and Cardi B, and impressive strategic partnerships with the NBA, Marvel, and others.

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GLD engaged The Sage Group to explore M&A opportunities in the marketplace. Ultimately, the Company selected to partner with H.I.G. Growth Partners (or “H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital. CEO Mark Seremet and Co-Founder & President Christian Johnston will continue to run the business in collaboration with strategic insight from H.I.G. Growth.

Honey Birdette is a leading direct-to-consumer Australian lingerie brand. Founded in 2006 by Eloise Monaghan, the Company was created to inspire customers to be empowered and confident through the products. The brand quickly became popular with their customers and expanded from one boutique to a robust e-commerce platform and around 60 stores throughout Australia, with a few in the U.S and the U.K.

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Honey Birdette reached out to The Sage Group to explore M&A opportunities in the marketplace. After extensive market research, the Company was acquired by PLBY Group, the parent company of Playboy. Playboy will use its reputation to expand Honey Birdette in different markets through online and physical stores.

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Paul Frank is a leading designer, wholesaler, and retailer of creative consumer products. Based in Huntington Beach, California, the brand is known for the iconic monkey Julius featured on uniquely branded clothing for men and women, accessories, and furnishings.  Founded in 1995 by Paul Frank, Ryan Heuser, and John Oswald, the Company has attracted a cult-like following of teens, celebrities, and other influencers as well as becoming instantly recognizable around the world.

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Paul Frank reached out to The Sage Group to explore sale opportunities in the marketplace. In 2020, Paul Frank Industries, an affiliate of the Saban Capital Group LLC, sold all intellectual property rights worldwide to the brand to Futurity Brands.

Rowing Blazers is a leading clothing brand know for classic American apparel. Founded by Jack Carlson, the Company is known for quality, craftsmanship, and authenticity blended with a sense of humor. The New York-based fashion label has developed loyal customers and a cult-like following for their popular items such as Princess Diana’s knitwear.

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Rowing Blazers reached out to The Sage Group to explore M&A opportunities. The Sage Group advised Rowing Blazers in completing an investment with KarpReilly, a private investment firm based in Greenwich, CT.

Gü is the clear leader in the UK chilled desserts market. Its restaurant-quality desserts are much loved by consumers and have led the growth of the premium segment for retailers. In recent years, it has expanded into new and growing categories such as Free-From. Gü also has a strong and growing presence in France and Germany.

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Noble Foods acquired the brand in 2010 and has supported its growth over the last ten years, including by investing in a state-of-the-art manufacturing facility in Bishop’s Stortford which opened in 2018. Last year it drove the brand to the top spot in the chilled dessert category, with retail sales value up +25% YoY to more than £69m – the second consecutive year Gü achieved double digit growth. Growth has been underpinned by continued product innovation, which has seen the business grow its range of Cheesecakes, Mousse and Hot Puds. Its newest range – Gü Inspirations, based on bakery favourites – was successfully launched earlier this year and there is a large pipeline of further products already in development.

Worldwide Golf Shops is a leading golf retailer and e-tailer in the United States. Founded in 1984 by Craig McCallister, the Company has grown from one retail store in San Diego to 81 stores nationwide. The Company operates under seven regional sub-brands including Edwin Watts, Roger Dunn, Golf Mart, Van’s Pro Golf Shops, Golfer’s Warehouse, Uinta Golf, and Las Vegas Golf Superstore. Over its 35-year history, Worldwide Golf Shops has gained a loyal following with golf enthusiasts and maintained its dominant position in the marketplace.

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The Sage Group was engaged by Worldwide Golf Shops to explore possible M&A opportunities. After extensive market research, the Company decided on a recapitalization led by Capitol Hill Group, a private investment firm, among others. Al Morris will remain on the Board and as CEO of Worldwide Golf Shops.

Founded in 2009 after the MBI of Cawston Vale, Cawston Press is a premium, healthy soft drinks brand that has delivered transformational innovation and growth, most notably within premium carbonates. The brand offers a range of carbonated sparkling drinks, kids juice drinks and pressed juice.

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.

If you are interested to understand more about this transaction, then please contact us and a member of the team will be happy to answer any questions you may have.

Owned by RAB Food, US based company specialized in canned sardines and affiliated to an investment fund managed by Bain Capital Credit, Season Brand LLC has been acquired by Mutandis, on June 2^nd, 2021.

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Born in 1921, Season Brand LLC is a leading premium canned sardine business in the US. Season Brand LLC products are distributed by the main retailers and grocery stores in the US including Costco and Walmart.

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The Season Brand LLC acquisition will add to Mutandis about US$ 50m in revenues and US$ 8m in EBITDA.

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On a more strategic perspective, Season Brand LLC opens to Mutandis access to the main US retailers and groceries. Mutandis will also be able to offer to Moroccan producers of various food products access to the US mainstream consumers, under the Season brand. The positive perception of the brand by the US consumers offers favorable perspectives to extend the current range of products, and benefit from the long-term growth potential of the US retail sector.

On 12 March 2021, our client, CVC Capital Partners Fund VII (“CVC”), a leading global private equity firm, announced that it had agreed to acquire, from Charterhouse Capital Partners (“Charterhouse”), Cooper Consumer Health, a leading European provider of consumer healthcare products across numerous market segments such as: calming and sleeping; vitamins and minerals; sun and skincare; and, footcare. The business supplies c.80,000 pharmacies and drugstores across Europe and has c.€500m revenues.

Dr. Scholl’s is an iconic, one-of-a-kind brand, which is synonymous with foot care.  The brand has an over 110-year heritage with unmatched brand equity in the foot care category.

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If you are interested to understand more about this transaction, then please contact us and a member of the team will be happy to answer any questions you may have.

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If you are interested to understand more about this transaction, then please contact us and a member of the team will be happy to answer any questions you may have.

If you are interested to understand more about this transaction, please contact us and a member of the team will be happy to answer any questions you may have.

Rémy Cointreau has announced that it had entered exclusive negotiations with the Lhopital family to acquire a majority stake in the capital of the Champagne de Telmont company, which was founded in 1912 in Damery (Marne Valley).

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It has been crafting champagnes under the brand “J. de Telmont” for over a century. This Maison is one of the last family-owned estates in Champagne: Mrs Pascale Lhopital and Mr Bertrand Lhopital represent the fourth generation of true master craftmen in the art of champagne.

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Mr Bertrand Lhopital, alongside the Rémy Cointreau Group, will continue working with his team on the upstream side (vineyard/sourcing) and on the champagne production side to perpetuate the estate’s know-how and family tradition.

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The scope of the acquisition deal includes the brands, stocks, production resources and real estate assets of the domain, as well as vineyards in Champagne.

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This acquisition would enrich Rémy Cointreau’s portfolio of exceptional wines and spirits with a high-end champagne brand that offers significant growth potential overtime, especially on the international market.

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The parties have agreed not to disclose the terms of the transaction.

Spayne Lindsay is delighted to announce that it has advised New England Seafood International (‘NESI’) on the sale of a majority stake to Sealaska Corporation, an Alaska Native Corporation owned by 23,000 Tlingit, Haida, and Tsimshian shareholders which is focused on investing in and operating businesses that improve the health of its oceans or homelands and benefit their shareholder communities.

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NESI is a London-based supplier of premium sustainable fish and seafood. Its expertise lies in a passion for responsibly sourcing and supplying more than 30 species of wild and farmed fish and seafood from 37 countries worldwide to the UK’s leading supermarkets and leading sushi and healthy eating chains via its Joii foodservice division.

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The partnership of two market leaders from different corners of the world creates an international business that builds on shared, long-standing values and commitments in the seafood industry. NESI will continue to be led by Dan Aherne and, having founded the business in 1991, Fred Stroyan will retain a shareholding in the business.

Spayne Lindsay is delighted to announce that it has advised LDC, a leading mid-market private equity firm, on the sale of Addo Food Group to PAI Partners.

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Headquartered in Nottingham, Addo Food Group is the UK’s leading chilled savoury pastry producer. The business manufactures a range of own brand and branded products including sausage rolls, hot pies, slices, pork pies, scotch egg products and quiches, which it supplies to the UK’s leading names in food retail including all the major supermarkets. Addo Food Group employs more than 2500 people and operates across five UK sites in Nottingham, Market Drayton, Poole and Shaftesbury.

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Alongside its acquisition of Addo Food Group, PAI Partners has announced the simultaneous acquisition of chilled foods supplier Winterbotham Darby (ComplEat Food Group) and plans to bring the two businesses together under one platform. Completion of the transaction is subject to the customary regulatory approvals.

MeUndies is a leading digitally native brand centered focused on basics apparel, including underwear, loungewear, and women’s intimate, among other categories. Based in Los Angeles, MeUndies created a disruptive, modernized business model addressing major pain points in traditional basics via a pioneering membership model, which stimulates exceptional repeat rates and lifetime value.

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The brand is centered around inclusivity, diversity, and body positivity, which is antithetical to the out-of-touch basics strategies of most heritage companies in the industry. Over the years, MeUndies has inspired a passionate community of indie-obsessed individuals with its bold, creative prints and mission to fuel authentic self-expression. Through its MeUndies Gives program, the brand supports nonprofit organizations that share its mission and leads in practices of sustainable and ethical manufacturing and workplace diversity and equity.

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With the Company growing exceptionally well and at an inflection point, Sage was engaged in late 2019 to explore transaction alternatives. MeUndies ultimately chose to partner with Provenance Equity, a growth-stage private equity investor focused on e-commerce brands. The investment will help MeUndies expand its capabilities in product design, production, and distribution; further build the online customer community; and expand the brand’s omnichannel operations into additional international markets and physical locations.

Chef Works is a third-generation family-owned and operated global leader in the design, development, and distribution of premium culinary and hospitality apparel. Founded in the 1960s when Joseph Gross first launched his workwear and manufacturing business in South Africa. Since then, Chef Works has become the dominant market leader in the U.S., with an increasingly strong position abroad, servicing six continents and over 65 countries. The brand is trusted by the largest business services, uniform and foodservice providers, global Fortune 500 companies, restaurant and hospitality chains, online and brick-and-mortar retailers, and international distributors.

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The company’s success has resulted in a transformation of the industry, helping turn historically commoditized products into premium, branded items highly sought after by both chefs and other industry participants, particularly at a time when chefs have begun forging their own identities, serving as the focal point of culinary experiences.

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Chef Works engaged The Sage Group to explore opportunities in the marketplace. In October 2020, the company completed a management buy-in, with financing provided by the Kirsh Group of Company

Spayne Lindsay is delighted to announce that it has advised IK Investment Partners on the acquisition of Forthglade Foods Holdings Limited.

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Established in 1971, Forthglade is a fast-growing UK based natural pet food brand, producing premium wet and dry dog food and treats. The Company distributes across supermarkets, independent specialist pet retailers and online retailers including its own website. Forthglade has been led by Gerard Lovell and Chris Brooking since their management buyout in 2011 and subsequent investment by Piper Private Equity in 2015. IK will acquire a majority stake in Forthglade, with the management team reinvesting alongside.

Spayne Lindsay is delighted to announce that it has advised Symprove, the scientifically-proven, direct-to-consumer brand disrupting the £35bn probiotics market, on the sale of a majority stake to bd-capital.

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Symprove is a liquid supplement containing live, active multi-strain bacteria.  Its patented delivery system allows the bacteria to “arrive, survive and thrive” in the gut, and has been recognised as uniquely effective by some of the world’s leading academics.

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Interest in how to improve gut health has grown exponentially in recent years, as advances in scientific research and medicine have continued to uncover how the diversity and balance of bacteria in the microbiome affects many conditions – not only gut conditions such as IBS and IBD, but also Parkinson’s and dementia, cardiovascular conditions, mood and mental health.

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Today, Symprove’s daily-use, subscription product is sold primarily through its direct-to-consumer website and is growing at more than 50% year-on-year through word-of-mouth and recommendations from doctors and nutritionists.

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bd-capital was carefully selected as Symprove’s new partner based on its operationally-led approach to partnering with businesses where changing patterns of consumer behavior and technology disruption create growth opportunities.

Blenders Eyewear is a rapidly growing, digitally native lifestyle brand featuring sunglasses, snow goggle, and related accessories for men, women, and children. The company was founded in 2012 by Chase Fisher, a Southern California native and competitive surfer, when he realized there was an opportunity in the affordable segment of the sunglasses market. Chase disrupted the eyewear industry by providing a highly branded option that was historically underserved by industry incumbents who primarily sell products at significantly higher prices.

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The business grew from Chase selling sunglasses out of his backpack while working as a surf coach to selling millions of pairs of sunglasses online and through Blenders’ retail store. The company utilized DTC platforms along with social marketing strategies and partnerships with influencers, celebrities, and athletes to become the dominant eyewear brand.

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Blenders’ authentic brand story created substantial interest from investors and led the company to engage The Sage Group to explore M&A opportunities. Ultimately, Blenders’ made the strategic decision to forgo the standard marketing process and pursue the transaction with Safilo. The Company will use Safilo’s global reach to expand its distribution to new markets and will help it enhance production efficiencies.

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Bel will accelerate development of All in Foods capitalizing on its global route to market in its core cheese categories and its unique cheese know how.

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As part of this transaction, Bel will partner with the Jouault family that founded All in Foods in Saint Nazaire (France) in 2013 and will retain a 20% stake in the company going forward.

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All in Foods has applied its unique know how in plant-based foods to develop a range of plant-based alternatives to cheese, available in slices, blocks, bloomy rind, grated, and spreads, as well as plant-based sauces.

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In just a few years All in Foods has become a key player in the fast-growing plant-based cheese alternative sector, with its products sold primarily in hypermarkets and supermarkets, food service and B2B in France and internationally.

KWDZ Manufacturing is a leading fast fashion wholesaler of apparel for the tween market. Since 1982, the Company has been offering cute, fashionable, and sensible apparel including knit tops, knit sets, skirts, leggings, and woven items. The Los Angeles-based company has positioned itself at the forefront of the tween industry with its flagship brands, Knit Works and Beautees as well as the success of its wholesale private label business. KWDZ’s products can be found at such retailers as Kohl’s, JCPenney, Macy’s, Costco, and Dillard’s.

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The Sage Group was engaged by KWDZ as the exclusive financial advisor to explore sale opportunities. The Company was acquired by Byer California, a supplier of junior and misses clothing to major department stores.

Cosmetic Solutions is a turnkey private label skincare company and a leader in the custom formulation of scientifically proven and naturally effective personal care products including skin, body, hair, OTC, and professional use products. The Company develops cost-effective, high-quality, innovative products for the global beauty industry through its three-tiered service offering that includes private label, custom formulation, and contract manufacturing.

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Cosmetic Solutions is a second-generation family-owned business with 2,000+ accounts, ranging from entrepreneurs and professional channel physicians to national retailers, fast-growing “indie brands” and established global brands. In addition to its 1,300+ proprietary stock formulations, the Company produces numerous completely custom formulations and currently has five of its own DTC brands. The Company’s extensive R&D capabilities create an ideal partnership for emerging brands looking to launch their first products.

Having consistently received significant inbound interest, Cosmetic Solutions retained The Sage Group to explore strategic alternatives. The Company received an overwhelming level of interest with Sage managing a competitive process that ultimately resulted in a strategic partnership with Lee Equity Partners.

Spayne Lindsay is delighted to announce that it has advised on the acquisition of a minority stake in Higgidy Limited (‘Higgidy’) from the founders by Samworth Brothers. Samworth Brothers has the option of increasing its stake in the business in the years to come.

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Higgidy was established in 2003 by Camilla Stephens and James Foottit located in Shoreham-on-Sea and has grown to become a leading premium brand delivering ‘feel good family food’ to consumers through their range of pies, quiches, rolls, frittatas, slices, tartines and sharing boxes of rolls and swirls. Higgidy will remain a separate business with its own manufacturing facilities.

Pura Vida is a rapidly growing, digitally native, and highly engaging jewelry and accessories brand. The company’s products feature an assortment of bracelets, jewelry, and other lifestyle accessories at an accessible price point. The company has an active and loyal consumer base that resonates with Millennial and Gen-Z audiences.

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The La Jolla, CA based company was founded in 2010 by Paul Goodman and Griffin Thall who met two artisans on the beach in Costa Rica and decided to bring back 400 bracelets to sell to their friends. The company has continued to employ 650+ artisans from around the world and support sustainable jobs in developing countries. The core belief of Pura Vida is giving back through the Pura Vida Charity Collection which has partnered with over 174 charities and donated over $1.7M to causes they believe in.

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Pura Veda engaged The Sage Group in mid-2018 to explore M&A opportunities. The Company selected Vera Bradley, a leading publicly traded brand of women’s handbags, luggage, and other fashion accessories, as the winning bidder and completed a sale of 75% of the company in mid-2019. The two companies run complementary businesses having multi-generational customer bases while keeping a deep focus on community and charity.

LG H&H is Korea's leading consumer goods company, with strong market positions in all major categories including cosmetics, personal care and home care.   It is also Coca-Cola's bottler in South Korea.  South Korea is one of the world's largest and most innovative beauty markets, with over USD 13.1 billion in sales in 2018.  The addition of Avon's iconic brand, award-winning products, dedicated employee base and network of 250,000 sales representatives throughout North America will support LG H&H's international growth plans. Under LG H&H�s ownership, Avon North America will continue its strategy of product innovation, while strengthening its position as the leading social selling beauty company in the region. Avon North America is expected to benefit from LG H&H�s world-class R&D capabilities in cosmetics, personal care, fragrance, packaging and design.

Established in 2008, Blueberry Foods manufactures a range of premium desserts including cheesecakes, hot-eating desserts and pot desserts for UK grocery retailers from a purpose-built facility in Leicestershire with approximately 420 employees.

Spayne Lindsay was appointed by EAT. to explore exit options, with the objective of maximising value on the back of management’s successful revitalisation of the brand and business. Following discussions with several UK and international strategic parties introduced by Spayne Lindsay, Pret emerged as the party with the strongest strategic fit, offering a great deal to EAT. stakeholders.

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This transaction enabled Spayne Lindsay once again to demonstrate its exceptional expertise and relationships in the international consumer sector and continue its successful track record in the ‘eating out’ space.

Founded in 2002, Pipers is an award-winning premium snacking brand producing a range of bold flavoured, authentic crisps and low-calorie snacks from its headquarters in Lincolnshire. The business has a well-established position in the out of home market – supplying c.14,000 customers across the UK – along with a rapidly growing international business that now has a presence in 40+ countries around the world.

Globally recognized as the original skincare makeup, jane iredale is an award-winning and highly differentiated clean makeup and skincare brand. Since its inception 25 years ago, jane iredale has been committed to using only clean ingredient products, including high-quality minerals, organic botanicals, and other natural inputs that benefit the skin. The Company’s products are free of synthetic preservatives and other chemicals yet deliver superior and long-lasting aesthetic performance with proven skincare benefits.

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Headquartered in Great Barrington, MA, jane iredale is the leading makeup brand serving the US professional channel, including licensed aestheticians, dermatologists, plastic surgeons, professional spas, and salons. Sold in over 50 countries, jane iredale had in recent years accelerated its sales growth through its proprietary web platform and other online retailers such as Amazon Luxury Beauty and had begun expanding its reach through select prestige retailers.

With a 25+ year heritage in the industry, jane iredale had consistently received significant inbound interest. At a critical juncture in its growth story, jane iredale engaged The Sage Group to advise it in exploring a potential M&A transaction. Jane Iredale chose San Francisco Equity Partners for its proven track record in beauty and in working with leading authentic natural brands.

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Founded in 2012, THE PROTEIN WORKS™ is a direct-to-consumer sports nutrition business that sells a wide range of protein powders, snacks, supplements, and foods, manufactured at their 34,000 square foot facility in Runcorn, Cheshire. The business is run by CEO Mark Coxhead, who co-founded the business, and Marketing Director Laura Keir.

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THE PROTEIN WORKS™ sells a range of products, including its leading vegan range and unique snacks produced from its in-house bakery, direct to consumers in the UK and the EU through its dedicated European websites. The business also sells to markets across the globe via a network of international distributors.

Spayne Lindsay is delighted to announce that it has advised Soulfresh, an innovative fast-growing global food and beverage company, on a AU$50m investment from True Capital, the consumer sector-focused equity investor.

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The investment will accelerate Soulfresh’s global expansion and support growth across its core categories and brands.

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Founded in Melbourne, Australia, in 2003, Soulfresh has grown to become a global ‘better-for-you’ branded food and beverage company. Soulfresh operates across three core categories: living beverages (e.g. kombucha); plant-based foods (e.g. meat substitutes and vegan ready meals), and plant-based drinks (e.g. nut-based milks). Soulfresh products can be found in major retailers and independent supermarkets across Asia Pacific, the UK, Continental Europe and South Africa.

Spayne Lindsay is delighted to announce that it has advised Valeo Foods, a leading international ambient food group, on the sale of Nimbus Foods Limited to Meadow Foods, UK’s top supplier of dairy based ingredients to the food industry.

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Nimbus Foods Limited is one of Europe’s leading innovators and manufacturers of high-quality inclusions, decorations, and toppings for the food industry. The company operates from a BRC AA Grade factory in Dolgellau, Wales, and supplies a broad range of value-added ingredients to some of the world’s best-known producers of confectionery, bakery, ice-cream, and chilled desserts products.

Founded in 2005 by Jason Rickaby and Mark Bowering, PhD has developed into one of the UK’s leading protein brands with a reputation for premium, high quality and innovative products aimed at sports enthusiasts and gym lifestyle consumers. PhD is UK-headquartered but also has an established and growing international business with a presence in over 45 countries across Europe, the Middle East, China and Australia. It has an experienced management team, led by Jason Rickaby, that has a track record of delivering consistent revenue growth and profitability. For the year ended 31 August 2018, it generated revenue of £21 million.

Rails is a leading designer, manufacturer, and retailer of premium contemporary apparel for women and men. Founded in 2008 by Jeff Abrams, Rails blends the casual comfort of Southern California living with a sleek sophistication. Rails uses premium fabrics in classic silhouettes, creating collections that are innovative, relaxed, and refined. The Los Angeles brand is known for its timeless staples, and has garnered acclaim for its simple, versatile, and accessible pieces that draw on influences from international travel and metropolitan living.

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The products are sold in 47 countries across ~1,200 retailers, including prominent retailers such as Nordstrom, Neiman Marcus, Selfridges, Harrods, and Saks Fifth Avenue, as well as premium specialty boutiques. Rails recently transitioned from wholesale to building out its DTC business through e-commerce and brick-and-mortar locations in New York and San Francisco.

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The company engaged The Sage Group in 2018 to explore M&A opportunities. Rails chose to partner with SK USA and Peterson Partners to widen its reach in existing and new markets, broaden its product offering, and strengthen its global distribution.

Spayne Lindsay is delighted to announce that it has advised on the sale of Haydens Bakery, a leading UK-based manufacturer of premium, sweet bakery products, to Bakkavor, a leading global provider of fresh prepared foods.

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Established in 1976, as a family run bakery shop in Wiltshire, Haydens Bakery was acquired by Real Good Food plc in 2003. The Business sells principally to major retail customers and operates a same day consolidation service for one of its major customers. It operates from two sites in Devizes, Wiltshire and has c.480 employees.