JP Morgan mandated lead arranger on acquisition of FoodVest by Lion Capital
Advised leading financial services firm, JP Morgan Plc as mandated lead arranger on the acquisition of FoodVest by Lion Capital LLP from funds advised by CapVest Limited.
The financing comprised senior facilities of £550m and a mezzanine facility of £180m.
Semple Fraser advised on all Scottish aspects of the financing and securities alongside Ashursts who advised on all English aspects of the deal.
FoodVest is one of the largest frozen food manufacturers in Europe and is also the leading producer of chilled seafood products in the UK. FoodVest was formed by CapVest in 2006 to combine the businesses of Young's, Findus and The
Seafood Company. The company now has 6000 employees in 5 countries.
Semple Fraser also previously advised Barclays Capital and Merill Lynch International on the Scottish aspects of their financing for the secondary buy-out of Findus by CapVest.
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