London—Dentons has advised Premier Foods plc (“Premier Foods”) on the acquisition of The Spice Tailor for initial consideration of £43.8 million on a cash free and debt free basis. Completion is subject to merger control clearance.
The Spice Tailor is a premium, authentic Indian and South East Asian meal kits and accompaniments brand. They are a high growth premium brand with more than 20% compound annual growth rate over the last four years and are forecast to deliver strong sales and profit growth over the coming years.
Simon Rose, General Counsel and Company Secretary of Premier Foods commented, “The Dentons’ teams did an outstanding job for us and were great to work with. This was Premier Foods’ first acquisition for some years and I was grateful for their technical expertise, professionalism and dedication throughout this process.”
Neil Nicholson, head of UK Corporate at Dentons said, “We’re very pleased to have had the opportunity act for Premier Foods on this important deal which supports their growth strategy.”
The Dentons team advising Premier Foods was led by Neil Nicholson, together with Corporate senior associate Joseph Collingwood, Corporate associate Ben Havard, Corporate trainee Katie Henson, Competition partner Adrian Magnus, Competition associate Sanam Shah, Employment partner Sarah Beeby, Employment associate Kate Coppack, TMT partners Henrietta Baker and Ross Nicol, TMT senior associate James Fox, TMT associate Ally Burr and Tax consultant John Finnick.