Clearwater advises Oliver Kay sale

Dato

Clearwater Corporate Finance has advised the shareholders of Oliver Kay Holdings Limited (Oliver Kay) on its sale to Bidvest, the South African owner of Seafood Holdings, the UK seafood distribution business. The deal provides an exit for mid-market investors Maven Capital Partners.

Oliver Kay is one of the UK’s leading suppliers of high quality fresh produce to the catering and leisure sectors, and has an extensive client base across hotels, restaurants and the public sector, with a delivery network covering much of the UK.

Recognised as a trusted brand, the business has achieved significant national growth, propelling it to the 5th largest fresh produce supplier in the UK food service industry. The acquisition by Bidvest will open further distribution opportunities for Oliver Kay and Seafood Holdings respectively.

Philip Nuttall, partner of Clearwater’s Manchester based consumer team led the deal with support of assistant directors John Clarke and John Davies.

Philip Nuttall said: “The acquisition of a majority shareholding by Seafood Holdings will enable the Oliver Kay business to develop further, under an owner with the resources to make it a major national force across a number of markets.”