Hurst advises on Panicium acquisition of BBP

A multi-disciplinary team at Hurst has advised on Panicium’s acquisition of The Bury Black Pudding Company (BBP) for an undisclosed sum. 

Ben Bradley and Isabelle Bennett from the firm’s corporate finance team provided M&A and debt advisory expertise to Panicium, while Lauren Roberts and Danielle Tierney from the same department along with tax partner Liz Gallagher advised BBP.

The deal follows Panicium’s acquisitions of handmade cakes and biscuits producer Margaret Hall and potted meats and spreads manufacturer Binghams Food in 2018 and 2021, respectively. 

Funding for the deal was provided by Shawbrook Bank and Frontier Development Capital. Shawbrook’s team comprised Dan Martin and Nathan Burn from its corporate lending division.

Bradley said: “This is another fantastic deal for Panicium which enables the previous owners of The Bury Black Pudding Company to de-risk, and provides the business with lots of growth opportunities under new ownership. 

“I look forward to seeing The Bury Black Pudding Company and Panicium go from strength to strength, with further acquisitions in the pipeline.”