Orbis Advises On Sale Of Premium Food Importer FineFrance UK To Vestey Holdings Limited
FineFrance UK (“FineFrance”), an importer and distributor of premium food products to Michelin star restaurants, has been sold to Vestey Holdings Limited for an undisclosed strategic price. The transaction was originated and led by Gary Ecob and Steve Nock from Birmingham-based corporate finance advisers Orbis Partners.
Established in 1989, FineFrance operates across London and the South of England supplying into over 400 UK restaurants as well as the wholesale markets. FineFrance’s ability to combine high provenance premium products with exceptional levels of customer service has enabled the company to develop a high-quality customer base.
The fine dining restaurant market demands traceability, speed of supply and focuses on provenance foods. FineFrance’s efficient and diverse supply chain allows its customer base to get next day quality fresh product sourced from mainland Europe.
Vestey Food Holdings (“Vestey”) a £300m+ turnover group comprises 7 food companies, specialising in supplying, sourcing and distributing food products to 70 countries around the world.
Having been involved in the business for over 14 years, I am delighted to have completed a deal that will enable FineFrance to enter the next stage of its growth. The advice and guidance received from Orbis throughout the process has been invaluable and has helped to deliver an excellent result for the shareholders.
Alain Nozahic, Majority Shareholder
I am delighted to have concluded a deal that recognises the strategic value of FineFrance. From an early stage, we identified Vestey as a strong potential buyer due to its previous experience within the fine food sector and the complementary businesses within its Group
Other advisers involved in the deal included Coffin Mew LLP, who provided legal advice to the shareholders.