 |
|
AG Thames swallows Produce World fruit subsidiary
HW Corporate Finance is pleased to announce the successful divestment of British & Brazilian Ltd, a £40 million fresh fruit business, to AG Thames Holdings Ltd. HW Corporate Finance, led by partner Richard Hall, acted as lead adviser to the vendor, Cambridgeshire-based Produce World Ltd.
Following a strategic options review by HWCF, it decided to concentrate effort on its core vegetables business, leading to the sale. Richard Hall remarked: “Produce World is an excellent business, with customer service at its core.”
Ian Batkin, finance director of Produce World, commented: “This transaction has allowed us to de-gear the business and positions us well for future focused acquisitions.
“What has been repeatedly noticeable in working with HW Corporate Finance is the high level of genuine partner involvement. It provides a tailored service, allowing management to balance the workload of the transaction with the usual day-to-day pressures of running an international group.”
Features
- Piling into property
Sep 01 2010 - Private equity drives tech M&A Aug 31 2010
- UK businesses losing confidence Aug 25 2010
- Bglobal in green energy drive Aug 25 2010
- Taking AIM in 2010 Aug 18 2010
Regulars
- Stanley Gibbons expands its collection Sep 02 2010
- Foresight makes green investment Sep 01 2010
- Longshot targets Bel and the Dragon Aug 31 2010
- Duvas raises £915,000 Aug 31 2010
- Sinclair Pharma to raise £19 million Aug 31 2010