Transcend Corporate, the Birmingham, Thames Valley and Hong Kong based corporate finance adviser, is pleased to announce the sale of a significant stake in New English Foods Limited (“New English Foods”) to private equity investors, Foresight Group(“Foresight”) for an undisclosed sum. Transcend Corporate, led by Ian Curtis and assisted by Joe Chiles acted as lead advisers to sole shareholder, Nick Houghton. The investment will accelerate growth in the rapidly developing food group.
New English Foods is a fast-growing ‘gift food’ company, specialising in high quality tea contained in uniquely designed tins and cartons with a quintessentially English theme.
Nick Houghton, owner of New English Foods said: “Transcend Corporate guided me through a complex process to a successful completion, and I would like to thank Ian and his team for helping me achieve this very successful outcome.”
Ian Curtis at Transcend Corporate commented “We are delighted to have been able to help Nick Houghton to achieve his objective in crystallising some of the value created in his business, and in securing an exciting opportunity for New English Foods to deliver its future growth with Foresight Group.”
Amy Crofton, Senior Investment Manager at Foresight Group, added: “We believe New English Foods will be a great addition to our portfolio. We are impressed by what the Company has achieved to date and we are excited about the opportunity for growth in the future. Working closely with Nick and the new management team, we’ve identified a number of key strategic opportunities for the business that we hope to capitalise on over the next few years. We look forward to developing the business in the years ahead.’