Majority sale of shares for Orbital Fabrications
PEM Corporate Finance were appointed by Orbital Fabrications to provide M&A advice on the sale of 80% of its shares.
We advised the owner of Elsinore Foods Ltd on its sale to Golden Acre Dairy Foods Holdings Ltd, a nationwide supplier to major retailers such as Waitrose, Tesco and Ocado.
Based in Melbourn, Cambridgeshire, Elsinore Foods is a market leading supplier of niche seafood and delicatessen products. Formed in 2009 through a management buyout from Danfood Ltd, Elsinore specialises in continental meats, cheeses, yoghurts, pastry, spices and other delicacies.
PEMCF advised on the sale of Elsinore to Golden Acre following a competitive process involving a number of other buyers. The two companies had clear synergies in terms of logistics and product, making Elsinore an ideal strategic acquisition for Golden Acre.
Sale shares to large corporate purchaser.