Cavendish
Deals
Seafood Holdings Ltd / Bidvest
Cavendish is pleased to announce the sale of Seafood Holdings to Bidvest, the South African based diversified group, for £45 million.
Seafood Holdings is one of the UK's leading national fresh fish suppliers to the foodservice sector, including a number of top restaurants such as Le Caprice, J Sheekey and the Ivy. Seafood Holdings was founded in 1991, since when it has experienced rapid growth, both organically and through a series of substantial acquisitions. At the time of the sale, Seafood Holdings was owned by Risk Capital Partners and Toby Baxendale, its founder and chief executive.
The sale of Seafood Holdings was the eighth transaction for the Cavendish Consumer Group in 2010, capping a highly successful year for the Group and demonstrating purchasers' on-going appetite for strong UK brands.
''It has been a great pleasure working with you. I could not have done that final push of the journey I embarked upon 20 years ago without you. You really did wonderful work for me, especially in that last mile. I am so grateful.''
Toby Baxendale, founder and CEO of Seafood Holdings
Other deals in the Business Services sector:
| Vendor & Client | Acquirer / Investor | |
|---|---|---|
| Cert Octavian plc | Muller | view deal |
| Community Waste Recycling Limited | Viridor Waste Management Limited, a subsidiary of Pennon Group plc | view deal |
| Timothy James Consulting | Hamilton Bradshaw & Management | view deal |
| Angel Springs Holdings Limited | Lloyds Development Capital | view deal |
| New College of the Humanities Ltd | Private individuals | view deal |
| Carsite | Tesco Plc | view deal |
| Hawk-Eye Innovations Ltd | Sony Corporation | view deal |
| Seafood Holdings Ltd | Bidvest | view deal |
Cavendish Team:
