Walker Morris have advised the sellers of Company Shop Group on the deal. Osborne Clarke has advised Biffa Plc.
The deal will see the two companies work together to deliver a unique circular economy proposition to the food manufacturing and FMCG sector; helping some the UK’s biggest operators to unlock sustainable value from the 141,000 tonnes of quality surplus waste that is produced in the UK each year.
Headquartered in Barnsley, the Group employs over a thousand colleagues around the UK and has a business model which puts environmental and social purpose at its heart. With a heritage spanning over five decades, it prevents waste by identifying surplus products and then collecting, processing and redistributing them for sale through its unique network of membership-based stores, whilst ensuring compliance with stringent food safety standards.
Surplus products include production overruns, trial products, or produce that has been incorrectly labelled or packaged which without intervention would be destined to become waste. The Group redistributed over 225m products over the last three years, and is growing its non-food related capacity, with over 4.5m non-food items handled per year.
Walker Morris fielded a multidisciplinary team led by Corporate Partner Richard Naish (Picture) with support from Laura Cavell, Jessica Stanley and Abbie Thomas (Corporate); Nicola Parkinson and Luke Riley (Tax); Mark Appleby (Banking); Thomas Jackson (Real Estate); and Matthew Lingard (IP).
The Osborne Clarke deal was led by Corporate Partner David Ferris, David was supported by Senior Associate James Archer and Senior Paralegal Jay Eng. Partner Matt Germain and Senior Associate Caroline Bush and Partner Katie Vickery also provided commercial and regulatory advice.
Involved fees earner: James Archer – Osborne Clarke; Caroline Bush – Osborne Clarke; David Ferris – Osborne Clarke; Matthew Germain – Osborne Clarke; Katie Vickery – Osborne Clarke; Mark Appleby – Walker Morris solicitor; Laura Cavell – Walker Morris solicitor; Thomas Jackson – Walker Morris solicitor; Matthew Lingard – Walker Morris solicitor; Richard Naish – Walker Morris solicitor; Nicola Parkinson – Walker Morris solicitor; Luke Riley – Walker Morris solicitor; Jessica Stanley – Walker Morris solicitor;