Grant Thornton advises Carrs Foods Carrs Foods received investment from BGF

October 2018
Carrs Foods
Adviser to Carrs Foods on their sale to BGF
£undisclosed
Grant Thornton team
Food and beverage
Buy side
Corporate finance
UK

We are delighted to have advised Carrs Foods on securing investment from BGF.

Carrs Foods is a market leading international branded bakery business, supplying brioche and other bakery products across the world via its three brands: St Pierre; Baker Street; and Paul Hollywood. 

First established in 1986 as part of Harry’s, a large European bakery group, Carrs led the way in bringing products like crepes and brioche into the UK for the first time. Following a Management Buyout in 2004, the business has built strong partnerships with the major supermarkets and convenience customers in the UK and, more recently, Walmart and Kroger in the US. 

Carrs Foods has grown rapidly over recent year, partly due to its success in exporting products to the US. Revenues now exceed £65m, with significant growth forecast over the coming year. 

Carrs Foods engaged us to act as lead advisors on securing investment, as a result of our sector, local and private equity credentials. 

We introduced BGF, the UK's most active investment company, providing patient capital for small and medium-sized enterprises. 

Our deal experience, relationships and technical capability ensured a seamless process and successful outcome. 

Testimonial

We have built Carrs Foods up over a number of years and we are delighted with the outcome. We’re thankful to the Grant Thornton team for all its help and support throughout this transaction. We are excited to enter into this new era partnered with BGF and continue to build on our recent success.

Jeremy Gilboy Managing Director, Carrs Foods International Limited

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