Disposal of British Pepper & Spice Company LimitedSunday, 21 October 2018
Thursday, 9 September 2004
Travers Smith acted for Primary Capital and the management shareholders, led by Merrick McKay of Primary Capital, on the disposal of The British Pepper & Spice Company Limited to SHS Group Limited for an undisclosed amount which completed on 27 August 2004.
SHS Group Limited, founded in 1975, is a privately owned group operating in the fast-moving consumer food goods market with an annual turnover of approximately £250 million.
The British Pepper & Spice Company Limited is the leading UK based manufacturer of herbs, spices and seasonings for supply to the retail, food service and food manufacturing market. Its sister company Gourmet Garden (Europe) Limited sells and markets chilled herb and spice products under the "Gourmet Garden" brand. Both The British Pepper & Spice Company Limited and Gourmet Garden (Europe) Limited were acquired by SHS Group Limited.
Primary Capital backed the £8.5million buyout of The British Pepper & Spice Company Limited in 1998 and realised around four times its original cost over the life of the investment.