Charles Russell Speechlys advises Snacks International on its acquisition of Burts Snacks Limited.
Charles Russell Speechlys has advised Snacks International Development UK Limited, on its acquisition of the entire share capital of Burts Snacks Limited.
The takeover will allow Snacks International Development UK Limited, a UK subsidiary of the French snacks group Europe Snacks, to accelerate its growth in the UK snacking market. The deal is anticipated to complete in early March.
Etienne Lecomte, CEO at Snacks International, commented: “We were delighted to work with the Charles Russell Speechlys team on this transformative deal which will allow us to unlock growth and continue investing in our people and in our factories. We were supported by a team with great professionalism and unfailing availability, with a very good understanding of the business and of related stakes.”
Corporate Partner Martin Wright commented: “We have had the pleasure of working with Snacks since it acquired the Kolak business in the UK in 2016. We were delighted to represent the group on this deal. The transaction is an important strategic step that enables the group to extend its footprint and its reach in the UK, through complementary ranges of savoury snacking products.”
The team was led by Corporate Partner Martin Wright and Senior Associate Ashwin Pillay alongside Associates Grace Hudson and Molly Moseley. They were supported by a wider deal team which included Mark Bailey (Partner) and Rayyan Mughal (Associate) in Commercial, Helen Coward (Partner) and Tessa Newman (Associate) from Corporate Tax, Lee Medlock (Partner), Rachael Davidson (Senior Associate), Will Harwood (Associate) and Sarah Keens (Associate) in Real Estate, and Clare Davis (Senior Associate) and Emma Randall (Associate) in Employment.