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Thomson Snell & Passmore advises Henley Bridge Ingredients Limited (HBI)

Firm name(s)Thomson Snell & Passmore
https://www.ts-p.co.uk/
Deal typeBusiness Sale
Industry sectorFood & drink
Description

Thomson Snell & Passmore LLP recently acted for the shareholders of Henley Bridge Ingredients Limited (HBI) in relation to the sale of its entire issued share capital to HMS.

Founded in 1998 by Tony Mycock, HBI is a distributer of high-end ingredients to chocolatiers, ice cream manufacturers, bakers and the food service industry. It has become the largest independent chocolate couverture distributor in Europe.

HMS was founded in 1992 and is the independently owned parent company of ingredient distributors Kent Foods, BFP and Garrett Ingredients. It is one of Europe’s largest food ingredient distributors.

HBI will continue to operate as a stand-alone business and the existing management team will remain in charge.

Nick Gabay, a Partner in the Corporate department, led the project team at Thomson Snell & Passmore and was assisted by Joseph Hartland (Solicitor in Corporate & Commercial), Harriet Nichols (Associate in Commercial Property) and Ben Stepney (Senior Associate in Employment).

Speaking of the transaction, Nick Gabay said: “We were delighted to advise and work with the shareholders of HBI on this sale. It was a real pleasure to help them through the process and we are very pleased that they have received just rewards for all of their hard work. I wish Tony, Trevor, their magnificent management team and the business all the best for the future.”

Tony Mycock commented: “We were delighted by the professionalism of Nick and his team in leading us through what was a complicated and convoluted transaction – an absolute rock guiding and advising us through the process. I would highly recommend Thomson Snell & Passmore without any hesitation!”

Adviser(s)Thomson Snell & Passmore
Completion date5th July 2019
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