Charles Russell Speechlys advises the founders of CH&Co on recent investment by Equistone Partners Europe Ltd
Charles Russell Speechlys has advised the founders of CH&Co on the recent investment into CH&Co by Equistone Partners Europe Limited. The founders, together with management, will continue to majority own the business going forward and Tim Jones will continue in his role as Chairman.
Charles Russell Speechlys advised Tim Jones when previous investor MML invested in CH&Co in May 2015, backing Tim and CEO Bill Toner and his team to merge the businesses of HCM and CH&Co and challenge the established “Big 6” food service providers. CH&Co holds a Royal Warrant for catering services to HM The Queen and employs nearly 6,500 people at more than 750 locations across the UK and Ireland.
Tim Jones commented “We are excited as we move into this next phase with a new partner alongside us. Having advised on the original investment by MML Capital Partners in 2015 and now on Equistone’s investment, Charles Russell Speechlys were able to field the same core team thus providing continuity, quality advice and an invaluable close knowledge of the equity structure.”
Andrew Clarke, Corporate partner, said: “we’ve enjoyed supporting the founders through this successful milestone in CH&Co’s development. This new investment will financially support future strategic expansion plans to grow the business and diversify its customer base.”
The Charles Russell Speechlys team included Partner Andrew Clarke.