Lindley Catering completes buy-out

assessor de Clearwater

comunicado de imprensa

Lindley Catering Limited (Lindley), the UK’s leading provider of contracted catering to sports stadia, has been bought by Sovereign Capital Partners LLP (Sovereign Capital) in a £14 million deal. Management will be retaining a stake in the business going forward.

With its head office in Stoke on Trent on Queens Road, Penkull, the company has branch locations nationwide. Lindley provides both public and executive catering to organisations throughout the UK. With contracts at 32 football clubs, premiership clubs include Manchester City and Celtic FC in addition to cricket and rugby clubs. In the Midlands the company also has contracts for Wolverhampton Wanderers, Leicester City and West Bromwich football clubs and Leicester Tigers and Northampton Saints rugby union clubs.

Lindley, with a £30 million plus turnover, employs over 400 full time staff and has been built to its present market position by Alex McCrindle as CEO, Paul Biffen as sales and marketing director and David Hulme as finance director. The company plans to increase its market share by winning more contracts in both mainstream and niche sports facilities and through acquiring complementary businesses.

Sovereign, who were advised by Clearwater International in Birmingham, has a strong track record of helping companies buy and build similar businesses to form successful groups.

“We are delighted to have Sovereign as a partner in supporting Lindley to the next level of growth. Sovereign has significant experience of working with support service businesses, understands the market opportunity and will be able to support our strategy for both acquisitive and organic growth.”

Alex McCrindle, CEO, Lindley

“We were delighted to work alongside Sovereign Capital in delivering this transaction. Under the stewardship of the current management team Lindley has established an enviable position and is well poised for further growth with the backing of its new investors.”

Jon Hustler, Partner, Clearwater International