Slaughter and May advised Greencore Group plc, a leading manufacturer of convenience foods in the UK, on its acquisition of Freshtime UK Limited.
Total consideration for the acquisition comprises an enterprise value of £56.0m, cash on the acquired balance sheet and a normalised level of working capital.
Freshtime is a well-established supplier of food to go salads, chilled snacks and prepared produce in the UK operating from a single facility in Boston, Lincolnshire.
Greencore Group plc is a food company in Ireland. Established by the Irish government in 1991 when they privatised Irish Sugar, today its lines span mainly convenience food related interests in the Republic of Ireland and the United Kingdom.
Slaughter and May advised Greencore with a team composed of Corporate: Richard Smith (Picture), Carla Edney (associate), Liam Healy (associate), Chris Han (associate), Gabriel Lim (trainee), Rachel Rourke (trainee); Tax: Sara Luder (partner), Stella Kim (associate); Real Estate: Samantha Brady (senior counsel), Paul Roberton (associate); Pensions and Employment: Daniel Schaffer (partner), Lucy Duane (associate), Katie Lewis (associate); IP/IT: Cathy Connolly (partner), Harry Vanner (associate).
Involved fees earner: Samantha Brady – Slaughter and May; Cathy Connolly – Slaughter and May; Lucy Duane – Slaughter and May; Carla Edney – Slaughter and May; Christopher Han – Slaughter and May; Liam Healy – Slaughter and May; Stella Kim – Slaughter and May; Katie Lewis – Slaughter and May; Sara Luder – Slaughter and May; Paul Roberton – Slaughter and May; Daniel Schaffer – Slaughter and May; Richard Smith – Slaughter and May; Harry Vanner – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Greencore Group plc;