Browne Jacobson has advised a consortium led by the former owner and CEO of Bridge Farm Group David Ball on the USD $80m acquisition of the business from Alberta based cannabis producer and manufacturer Sundial Growers Inc.
The consortium is being backed by Artemis Growth Partners and includes current members of the senior management of Bridge Farm Group including Louise Motala, Andrew Higginson, Andrew Fuller and Richard Priestley. Following completion of the deal David Ball, a partner at Artemis Growth Partners, will re-join Bridge Farm as director of and advisor to the business.
Headquartered in Spalding, Bridge Farm was established over 30 years ago and is one of the UK’s leading producers of ornamental plants, flowers and edible herbs. The business serves a client base which includes, amongst others, major supermarket chains under the Neame Lea brand.
Artemis Growth Partners was founded by former senior executives at Goldman, Sachs & Co., J.P. Morgan, and Mesoamerica, and currently oversees US $200+ million in discretionary assets under management (AUM) in the global cannabis industry with investments across North and South America, the Caribbean, the United Kingdom, Europe, Israel, and China.
The Browne Jacobson team was led by corporate finance partner Gavin Cummings (Picture), alongside Sandra Wong, Daniel Thomas, Jaspreet Sangra (Corporate) and Shaun McCabe and Patrick Berry (Banking). It is the third Bridge Farm Group transaction Browne Jacobson have acted on since 2017.
Law Firms: Browne Jacobson;