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Oghma Partners has acted as the exclusive financial advisor to the shareholders of UK-based specialist ingredient business, Good Food Wines Limited (GFW), on the sale of its business to Kiril Mischeff, a leading UK food and ingredient importer and supplier to the F&B industry.
GFW supplies alcohol, vinegars, and condiments to the F&B manufacturing industries in the UK. Its customer base is made of numerous blue-chip manufacturers and reputable names in the industry.
Oghma Partners said this acquisition will enable Kiril Mischeff to capitalise on “significant” revenue synergies thanks to GFW’s complementary product portfolio.
Following the move, the current management team comprising Mike Yates and Stuart Medcalf will continue to lead the business and all current staff will remain at the firm following the acquisition. The business will continue to trade as Good Food Wines Limited.
Mike Yates, shareholder and managing director of GFW, said: “We are grateful for Oghma’s expert advice and support throughout this process. It has been a pleasure working with the team from start to finish.”
Mark Lynch, partner at Oghma Partners, added: “It was a real joy to work with the GFW and Kiril Mischeff teams and to have reached a successful conclusion to the discussions.
“This is our third completed food and beverage transaction in 2023 and marks our twenty second deal in the food ingredients sub-sector in Europe which makes Oghma Partners the most active M&A advisor in this sub-sector of the food industry.’’
