Acquisition of Kerfoot by the Avril group

Sector(s)
Food & Agro
Deal type
Buy a business
Date
July 2015
Countries involved
France / United Kingdom

Client

The Avril group (Sofiprotéol) leading player in the French vegetable oil and protein industry

Deal

The Avril group acquired the Kerfoot Group, UK market trading supplier, packer and blender of vegetable and specialty oils for food, technical and personal care industries

Parties

Lead team

  • Nicolas Balon

    Nicolas Balon

    Partner France

What we did

We actively supported the Avril group all along the acquisition process: deal structuring, valuation guidance, drafting and negotiation of the LOI, execution support, due diligence management, preparation of negotiation sheets and negotiation of the final legal documentation.

The Kerfoot acquisition is the 9th closed transaction advised by Capitalmind on behalf of the Avril Group.

About the deal

Founded in 1980 the Kerfoot Group is a £75m revenues privately-owned business engaged in the packing, blending and distribution of vegetable and specialty oils predominantly supplied to the food, technical and personal care industries in the UK and internationally (over 400 clients). Employing over 110 people, the group operates from Northallerton (HQs) and the Port of Goole.

Through this transaction, Avril Pôle Vegetal gets hold of a UK platform and secures one of Saipol’s key customer (Saipol is part of Avril’s Oilseed division and engages in producing and marketing refined vegetable oils and biodiesel).