Arden Fine Foods, a leading sourcer and supplier of biscuits and bakery products based in Coventry, has been acquired by its management team, led by Managing Director Helen Young and Finance Director Andy Mewis, for an undisclosed sum.
About the Deal
The deal is the second MBO Springboard have advised on at Arden in the last five years. The transaction was completed with funding from Barclays Corporate Team. The current shareholders of Arden retain a significant financial interest in the business. The deal represents an exit for Arden Executive Chairman Gary Barr.
Arden, which has turnover in excess of £20 million, works with food manufacturers globally to develop sweet and savoury biscuits and other seasonal products which are then supplied into the UK multiple retailers and many other channels. Arden provides products across private label; supplier brand and via its own Arden brand.
Commenting on the deal, Helen Young said “My team and I are very pleased to have completed this transaction and look forward to the next phase of development for Arden. Significant opportunity now exists to build on the business’s history and reputation within the industry.”
How we made a difference
- Advised both vendors and management on the optimal deal structure for all
- Structured funding terms on behalf of the management team with Barclays and vendors
- Project managed the process at all stages, securing a successful completion during the Covid-19 crisis
- Maintained an ongoing advisory role to Arden
