Clearwater International has advised Empire World Trade, a leading UK importer and distributor of top fruit, on its cross-border sale to UNIVEG Group.
Empire World Trade is a major player in the UK top fruit market and a key supplier to the big retailers including Tesco, Marks & Spencer and Morrisons. Established 18 years ago, the company has a turnover of over £80m and is based in Lincolnshire.
Belgian UNIVEG Group is a worldwide supplier of fresh produce, active in the fields of Fruit & Vegetables, Flowers & Plants, Convenience products, Transport & Logistics.
This is the fourth transaction that Clearwater International has advised the business on: the team were involved in the original MBO of Empire World Trade with 3i in the 1990s, a subsequent equity raise which also involved 3i and the sale of the company to a secondary management buyout team backed by Livingbridge in 2008.