RSM advises on Riva Foods sale to Food Investment Group

RSM’s deal services team has advised on the sale of Riva Foods Ltd to Food Investment Group.

Based in Hull, Riva Foods is a food manufacturer focused on garlic-based products, including spreads, breads, pots, and flavoured butter portions, predominantly servicing the foodservice and wholesale sectors.

The management team was selectively recruited in 2021 to drive the trading growth required for the shareholders to realise their investment. By completing the sale of Riva Foods to the Food Investment Group, RSM has found a home for the management team to continue guiding the business through its next stages of growth.

RSM acted as lead advisers, initially considering options and timing, and subsequently advising on the transaction process, resulting in the shareholders meeting their sale aspirations.

This included identifying buyers, leading negotiations and project managing all aspects of the transaction through to completion.

Paul Lempriere, shareholder at Riva Foods Limited, said: “I am very grateful to the RSM team for their hard work and dedication. They took time to really get to know our business, its idiosyncrasies and unique selling points, and did an excellent job in managing the negotiation and due diligence processes.

“I always felt confident that they had our best interests at heart, ensuring the buyer had relevant industry experience to grow the business post-transaction. I would not hesitate to recommend RSM to other business owners.”