PEMCF - Food and Agriculture sector

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PEM Corporate Finance Food and Agriculture sector

Case Study:

Sale of Produce Global Solutions to G’s Marketing Following our work with G’s Marketing on the company’s acquisition of Mother Earth Organic Mushrooms Ltd, we advised on the sale of a majority holding in Produce Global Solutions (PGS) to G’s Marketing. This investment enabled G’s Marketing to capitalise on the opportunities in PGS’s market.

As part of the expansion strategy, a state-of-the-art mushroom farm and anaerobic digestion plant were built near Littleport, East Cambridgeshire.

This additional support and commitment from G’s will allow us to capitalise on the exciting opportunity for expansion in the UK mushrooms segment. I’m grateful to PEM Corporate Finance for their support in agreeing the deal.

Mark Haynes CEO, PGS

G’s Marketing is a part of the Shropshire Group.

It supplies salads ad vegetables to major retailers including Tesco, Waitrose, Sainsbury’s, ASDA, Morrisons and Marks and Spencer. Produce Global Solutions (PGS) is a major fresh mushroom supplier that sources mushrooms primarily from Holland for UK retailers.

PEM Corporate Finance advised Flora-tec on the acquisition of Elmy Landscapes

PEM Corporate Finance advised Verdi-Crop Ltd on the sale of the company to Headland Agrochemicals Ltd

PEM Corporate Finance advised G’s Marketing on its acquisition of Mother Earth Organic Mushrooms

Case Study:

Sale of Elsinore Foods to Golden Acre Dairy Foods PEMCF advised on the sale of Elsinore to Golden Acre Dairy Foods Ltd, a nationwide supplier of fine foods such as continental meats, cheeses, yoghurts, pastry, spices and other delicacies. The sale followed a competitive process involving a number of other buyers.

The two companies had clear synergies in terms of logistics and product, making Elsinore an ideal strategic acquisition for Golden Acre.

I’d like to thank PEM Corporate Finance for their support and advice on the sale of Elsinore Foods. They took time to really understand the business, and as such were able to find a buyer that was a good fit.

John Wilson

Director, Elsinore Foods Ltd

Elsinore is a Cambridgeshire based supplier of seafood and delicatessen products. Formed in 2009 through a management buyout from Danfood Ltd, Elsinore supplies across the UK to retailers such as Waitrose, Tesco and Ocado. Its products, most of which are sold under the Elsinore brand, include caviar, mussels, crayfish and pâté.

PEM Corporate Finance conducted due diligence work on an undisclosed target for Itsu Ltd

PEM Corporate Finance advised on the sale of Phaseolus Ltd to Place UK Ltd

PEM Corporate Finance advised on the sale of Elsinore Foods Ltd to Golden Acre Dairy Foods

Our Team

Lake Falconer B.Acc CA CF

Tony Stairs BA MBChB ACA CF

Lake leads our Corporate Finance team. He has over 25 years’ experience as a corporate finance adviser working with owner managed businesses.

Following experience at international accountancy firm EY, in venture capital with 3i and in industry he joined PEM to establish its Corporate Finance practice in 2004. He has extensive transaction experience in food, agriculture and other sectors.

After an early career with PWC, Tony became a founding team member at PEM Corporate Finance in 2004. He has extensive experience in leading transactions including company sales, management buyouts, and finance raisings. He has experience in food and agriculture and other sectors. Both Lake and Tony hold the ICAEW Corporate Finance Qualification.

Email: lake@pemcf.com

Email: tony@pemcf.com

Partner

Who we are PEM Corporate Finance is a leading independent corporate finance specialist based in Cambridge. Working with owner managed businesses in East Anglia, the Home Counties and London, we advise on all aspects of corporate finance transactions.

▪▪ Company sales ▪▪ M&A ▪▪ Management buyouts ▪▪ Raising finance

▪▪ Succession planning ▪▪ Exit planning ▪▪ Financial due diligence ▪▪ Business valuations

To find out how PEMCF can help you and your business, contact us on the details below.

pemcf.com PEM Corporate Finance LLP Salisbury House Station Road Cambridge CB1 2LA

t. +44 (0)1223 728222 f. +44 (0)1223 461424 e. info@pemcf.com