We are delighted to have advised Fudco on their sale to Vibrant Foods.
Fudco is a second-generation family partnership established in 1979. It is one of the leading UK distributors of quality, natural ethnic foods, ingredients, dried fruits and nuts.
The partners made the collective decision to undertake a retirement sale to Vibrant Foods in January 2021 and contacted us to engage the corporate finance team to guide them through the transaction process.
Our corporate finance team worked closely with the partners, the other sell side advisors and all buy side parties to project manage the transaction through due diligence to completion.
This included leading negotiations on the partnership asset sale and advising on carving out the non-food business, which was not included in the transaction.
We leveraged our extensive transaction experience in the food & beverage sector and helped the partners navigate the process, utilising expertise across our firm to advise on the structure of the transaction and working capital position of the partnership.
We project managed all parties involved and delivered a successful process to completion.
The Grant Thornton team provided sound advice and counsel throughout the transaction process and expertly navigated us through the complexities of the deal. We are very grateful for their help and would highly recommend them to anyone exploring an exit.Sheilesh Shah Partner, Fudco