Grant Thornton advises Bowman Ingredients Holdings Limited Bowman Ingredients Holdings Limited has been sold to Solina SAS

October 2020
Bowman Ingredients Holdings Limited
Adviser to Bowman Ingredients on their sale to Solina SAS
Grant Thornton team
Food and beverage
Sell side
Corporate finance
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We are delighted to have advised Bowman Ingredients Holdings Limited on their sale to Solina SAS.

Bowman Ingredients Holdings Limited (“Bowman”) is a leading UK-based food coating specialist with a strong international footprint and a major supplier to the global food processing industry. 

Solina Corporate SAS (“Solina”) is a European producer of savoury solutions for the food industry, majority owned by private equity firm Ardian.  

We were engaged as lead advisers on the disposal of the company. 

Our team initially facilitated introductions to the opportunity to various potential buyers, generating significant interest in the company. We led negotiations with buyers, driving competitive tension and maximised value of the business. 

Solina were the preferred bidder based on the strong strategic fit and their growth aspirations for Bowman in the future.  

We were able to negotiate and increase the initial offers through a strong understanding of the business and its sector. We led the transaction process through to completion and were able to adapt our approach to the changing market conditions due to COVID-19. 

The Grant Thornton team did an excellent job and exceeded our expectations. The process was complex but the team’s transactional experience was evident throughout the process, which delivered a great result for the Business and the Shareholders.
Rory Bowman CEO, Bowman Ingredients Holdings Limited