Business & Financial Services
Buying a business

Lead advisor to the management team on the acquisition of Alliance in Partnership and AiP Catering Limited (“AiP”).

About the deal

AiP is a leading specialist educational catering provider, operating over 170 school catering contracts and feeding over 35,000 pupils a day across central England and West London.  The company, which has sales of over £14 million and employs over 800 people, supplies freshly, cooked schools meals to primary, secondary, academy and specialist schools, within the state and independent school sector.  The management buy-out was supported by a £5.2 million equity investment by Key Capital Partners with a debt package provided by Yorkshire Bank Acquisition Finance.

How we made a difference

  • Negotiated the transaction with a private shareholders which had different exit requirements;
  • Negotiated funding terms on behalf of the management team with both equity and debt providers;
  • Controlled pricing negotiation acting as intermediary between the competing requirements of investors, management team and vendors; and
  • Project managed the process throughout securing a successful completion.
What our clients say

David Weller - Managing Director, Alliance in Partnership 

We looked at various potential advisors but Springboard promised a personal, partner-led approach with a commitment to excellence.  Having previously worked with, and been disappointed by, other corporate finance advisors, it is fair to say that they far outperformed our expectations.  I would have no hesitation in recommending Springboard to others and would welcome the opportunity to talk to anyone who wishes to use their services.