The sale marked the culmination of some 25 years of work by the shareholders and senior managers following a Management Buyout , and they had received ongoing support from their shareholder partner Edrington Distillers Limited.
Burton's acquisition was funded by its owner, the Ontario Teachers Pension Plan, and we co-ordinated with its legal counsel in Canada to meet its specific compliance requirements.
Key highlights
- Longstanding knowledge of the business and the shareholders' objectives.
- Deep understanding of the food sector's operational custom and practice.
- The creation of an enhanced UK-based brand and product portfolio and food manufacturing base.
- Multi-disciplinary team approach, co-ordinated by Brodies, to deliver a tight transaction timetable.
- Innovative solutions to resolve purchase issues and manage risk.
The Brodies team has just completed a sterling job for the shareholders of Paterson Arran in the sale of our business. We benefited from their significant experience in our sector and their deep understanding of our business and personal interests. Critically, the team was structured to maximise project efficiencies and expertly managed by Eric Galbraith with creative thinking that best protected the shareholders and minimised risks. The shareholders are delighted with the outcome and are hugely appreciative of the professional and personable support of Brodies. Alan Hardie, Paterson Arran
Outcome
Our longstanding relationship with the clients stretched back to the Management Buyout and was key in helping the shareholders realise full value for their shares. The deal involved input from several specialists across the firm, including tax, real estate and regulatory law to manage the entire sale process.
As Burton's chief executive Nick Field put it: "…Paterson Arran's strength in foodservice and portion packing also unlocks significant new trading opportunities for our existing product portfolio."
