Oghma Companions, the company finance home to the
client industries, is at present happy to announce that it acted because the
unique monetary advisors to Novax AB (“Novax”), the funding firm of
the Stockholm-based, EUR 8bn Axel Johnson Group, on the acquisition of Ulrick
& Quick Restricted (“Ulrick & Quick”) the UK-based clear label meals
substances specialist.
The transaction will see Ulrick & Quick proceed
to function as a standalone enterprise, with the corporate’s founders Adrian Quick
and Andrew Ulrick staying on as minority shareholders and current administration
group remaining in place.
The transaction marks Novax’s continued dedication to
have interaction in a extra sustainable Way forward for Meals by investing within the European
specialty meals substances market. Ulrick & Quick is extremely specialised in
clear label and plant-based, pure substances and is nicely positioned to
seize the long-term secular tendencies of shoppers and meals producers
shifting in the direction of more healthy and extra sustainable meals options. The corporate
operates as a co-development companion to meals producers seeking to develop
new clear label merchandise or to refine current product ranges into more healthy
options.
The deal is the newest in Oghma’s increasing listing of
profitable cross-border transactions within the substances sector. Different latest
ingredient offers have included advising Solina Group on the acquisition of
UK-based Bowman Elements and Givaudan S.A. on the divestment of each its pectin
enterprise to Herbstreith & Fox and of its processed and grated cheese
enterprise. The deal demonstrates Oghma Companions’ continued energy within the
substances market advising purchasers on each disposals and acquisitions throughout
Europe.
Mark Lynch, Accomplice at Oghma
Companions, stated: “We have been delighted to have the chance to
work with Novax on this substances acquisition which additional strengthens our
business main observe document on this necessary and thrilling sub-sector of the
meals house. This transaction marks the completion of our sixth deal within the final
twelve months.’’
Pär Warnström, Novax, commented on
Oghma Companions’ position within the deal, “We’re each
glad and grateful for Oghma’s professional recommendation and assist from begin to end
all through this course of. At Novax, we stay decided to proceed our
engagement inside the Meals Worth Chain, and stay up for working with Mark,
Carolyn, Oliver and the group once more sooner or later.”
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