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RSM has successfully advised on the sale of TasteConnection Limited, a manufacturer of “award-winning specialist seasonings, glazes and marinades”, to Nactarome Group – which is funded by Pan-European private equity house Ambienta.
Established in 2002 and based in Gloucestershire, TasteConnection was created to “connect specialist seasonings, provenanced ingredients and forthcoming food trends with market leading brands and premium own label products”.
As part of the deal, the management team will remain as a part of the TasteConnection division and wider group to “guide the business” through its next stages of growth.
Nactarome Group is a European-based flavours and natural ingredients company. The addition of TasteConnection to its portfolio will allow Nactarome to “expand its UK capabilities” while also benefiting from an “array of synergies” between its two UK operations.
Ian Wherry, Stephanie Wilson, Rhys Jennings and Lily Jaskowiak from RSM’s corporate finance team advised on the successful buyout, Andrew Gordon provided tax advice.
To help with the sale, RSM worked alongside law firm Womble Bond Dickinson.
Wherry said: “We are delighted to have helped the TasteConnection shareholders to find a strategic partner for the business.
“This acquisition allows Nactarome to expand its platform further with another high-quality UK based investment. It also provides the managing shareholders the opportunity to become part of an international group alongside Create Flavours with whom they have had a long-standing relationship.”
