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Equistone Partners acquires CH&Co caterers in secondary buy-out

Mishcon de Reya has advised Bill Toner, CEO, Madeleine Musselwhite, executive director and Nick Thomas, CFO of UK hospitality caterer CH&Co on the secondary buy-out of the firm by mid-market private equity investor, Equistone Partners.

CH&Co, employing nearly 6,500 people, has a prestigious client portfolio, providing catering services for some of the UK’s leading companies, charities and organisations, as well as holding a Royal Warrant for the provision of catering services to HM Queen since 2013. Having grown both organically and acquisitively over the past eight years, CH&Co generated revenues of GBP286 million in 2018.
 
The new partnership with Equistone will enable CH&Co to continue with the strategic mergers and acquisitions, proving successful for the development of their business and the diversification of their customer base.
 
The Mishcon team was led by private equity Partner Simon Sale alongside Legal Director Allison Keyse, Managing Associate James Paterson and Associate Matilda Barr.
 
Sale says: “Having worked alongside Bill and Madeleine on the initial buy-out with MML, it was a great pleasure to do so again on this transaction with Equistone. This new partnership will undoubtedly pave the way for many strategic developments for CH&Co.”
 
Toner adds: “We’ve worked closely with Simon and the team at Mishcon de Reya for a number of years and their advice has been invaluable in helping us work through complex deals.”

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