Bedell Cristin advises on the £15m acquisition of The Jersey Royal Potato Company
10 September 2014
Bedell Cristin's Jersey corporate team has advised LSE AIM listed company, Produce Investments plc, which owns Greenvale, one of the UK's biggest potato suppliers, on its successful acquisition of The Jersey Royal Potato Company, one of the main suppliers of the iconic Jersey potato, for a total cost of £15m.
The Jersey Royal Company operates from a number of key sites across the island of Jersey and has been established for over 20 years, growing, packing and supplying the internationally recognised and protected Jersey Royal potato brand to a wide number of retailers in the UK. In addition, the Jersey Royal Company owns a business in Kent, The Kent Potato Company which grows, packs and supplies UK retailers with locally sourced Kent Potatoes.
Corporate partner, Tim Pearce, and Property partner, Guy Le Sueur, led the Bedell Cristin team working on this major transaction, and were supported by Peter Bertram, Simon Morris, Mark Nisbet, Amy Fairfoull and Will Austin-Vautier. Together with lead counsel for Produce Investments plc, PWC Legal, Bedell Cristin advised on all Jersey legal aspects of the transaction, including corporate, competition, regulatory, property, employment and banking matters.
Commenting on the transaction, Tim Pearce said: "We are delighted to have assisted Produce Investments in relation to its successful landmark acquisition of the iconic Jersey Royal Company, and this transaction is another example of our ability to handle complex corporate transactions utilising our multi-disciplinary teams".