Dow Schofield Watts Yorkshire & North East Corporate Finance team has advised the shareholders of Primepak Foods on its sale to leading food and beverage supplier Kiril Mischeff Group.
East Yorkshire-based Primepak Foods specialises in the processing of cheese, cooked meats, and manufacture of sandwich fillers for retail, delicatessen and food service under its own brand Wolds Edge as well as private label.
Kiril Mischeff Group, established in 1935 and based in Nottinghamshire, is one of Europe’s leading food and ingredient suppliers to the food and beverage manufacturing, foodservice and retail sectors. The strategic acquisition of Primepak Foods further strengthens and diversifies the range of products and services that the Kiril Mischeff Group provides.
Dimiter Mirchev, Managing Director of Kiril Mischeff Group, commented: “Primepak Foods is a family owned and run business, that offers synergies with our existing products and services. This acquisition will allow us to expand and develop our offering and we welcome the Primepak team to the Kiril Mischeff family of companies. We look forward to working together for a mutually successful future”.
Richard Johnson, Managing Director of Primepak Foods, said: “We are delighted to be working with Kiril Mischeff and excited to continue growing the business as part of the Kiril Mischeff Group”.
The DSW Corporate Finance team comprised Roger Esler, Matt Spence, Mike Barker, and Paul Herriott. Other advisers to Primepak Foods were Bradbury and Co Accountants (tax) and Wilkin Chapman Rollits (legal).
Kiril Mischeff was advised by Schofield Sweeney Solicitors (legal) and Affinia (financial)
Commenting on the deal, Roger Esler said, “Primepak Foods is a robust, second generation business and cultural fit with a buyer has been a very important part of the process. Kiril Mischeff is a very substantial private group and provided excellent alignment, both culturally and synergistically”.
Dow Schofield Watts’ Midlands office has advised JPS Projects, a leading provider of specialist retrofit services with operations in Manchester, Chesterfield and Hemel Hempstead, on its private equity investment from Cordovan Capital Management.
