Brachers advise on Management Buy Out of Kent Crisps from Quex Foods

Brachers advise on Management Buy Out of Kent Crisps from Quex Foods

Brachers have advised Angela Curwen on the successful management buyout (MBO) of Kent Crisps from Quex Park. Accountancy firm Reeves also advised on the deal, which was backed by banking group Close Brothers.

 

First featured in Insider South East, Kent Business and named Insider Deal of the Month, August 2014

 

Brachers have advised Angela Curwen on the successful management buyout (MBO) of Kent Crisps from Quex Park. Accountancy firm Reeves also advised on the deal, which was backed by banking group Close Brothers.

 

Kent Crisps was founded in 2011 and has won several awards from the Guild of Fine Foods. Stocked in Waitrose and local stores across Kent, the crisps are 100% GM free and use ingredients from local firms including Biddenden Vineyard, Shepherd Neame and Ashmore Farmhouse cheese.

 

Sean Gorman, Partner in the corporate team at Brachers says:

 

“We are very proud to advise on this successful MBO, which will really take the business forward to the next stage of its corporate development. The management saw a great opportunity to create a profitable business with the existing team. This is a significant transaction within East Kent, and it is great for the team from our Discovery Park office to have been involved. We have enjoyed working with Angie and look forward to playing a key role in helping her team secure the development of business in the medium and long term.“

 

Reeves corporate partners Scott Miles and John Cowie worked on the deal. Mr Cowie said:

 

“We are delighted to have been able to offer our help to Angie who is truly passionate about Kent Crisps and Kentish Oils.”

 

Scott Miles added: “Our Discovery Park office is continuing to build a strong client base in East Kent and its great to be involved with the Kent Crisps business. The deal is a further sign of increasing local economic confidence”.

 

Angela Curwen, Managing Director says:

 

“Food miles and local sourcing continues to be incredibly important for UK consumers, and we seeing exciting opportunities for the business. It has also been a true pleasure working with Sean and his team and will definitely be working together in the future!”

 

Brachers’s corporate team specialises in mergers and acquisitions, private equity, joint ventures, share schemes and complex corporate restructuring. Clients range from owner-managed businesses to multi-national corporations.

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