Manchester business law firm Turner Parkinson has advised the shareholders of Enterprise Foods in securing investment from London-based private equity investor Hattington Capital, along with debt funding support from Yorkshire Bank.
Enterprise Foods is a leading UK technology enabled supplier of a wide range of craft bakery and other food products. It has pioneered a unique supply chain management system, offering customers the ease of a single point of purchase for its entire local craft bakery and other food product needs on a national scale. The company’s national supplier coverage enables it to provide over 35,000 product lines, supplied to its customers by more than 400 accredited supply partners.
This deal follows the management buyout led by Tony Moloney, Chairman of Enterprise Foods, seven years ago.
James Sheridan, Head of Corporate, was supported by Andy Sturge, David Easdown and David Hayes as Turner Parkinson continues to work alongside businesses with a strong culture of innovation at the heart of their growth.
The team have advised a number of businesses within the technology and food sectors and continue to be a leading firm for the number of deals completed within the North West.
Commenting on the deal James said “We are delighted to have worked alongside another growing business in the food sector who have fully embraced technological developments and focus on innovation. We have worked with Enterprise for several years now and, having seen first hand the growth and development of the business, I am delighted to see Tony and his colleagues achieve another major milestone. For us to work on a private equity deal of this scale is another validation of our credentials as a leading mid-market player.” The team at Turner Parkinson worked alongside a wider deal team including Altium, KPMG and Grant Thornton.