Moore Kingston Smith advises Roebuck Food Group Plc on acquisition of Moorhead and McGavin Limited

5 December 2023 / Insight posted in Article

Moore Kingston Smith has advised Roebuck Food Group Plc, an AIM listed company, on its acquisition of Moorhead and McGavin Ltd. Moorhead and McGavin are a distributor of lentils, rice, pulses and other dried food ingredients and celebrated their 100th year of trading in 2023.

This transaction supports Roebuck Food Group’s growth strategy which is focused on expanding and acquiring innovative businesses within the food and agribusiness sectors.

This marks the first transaction Moore Kingston Smith’s Corporate Finance team has supported the Roebuck Food Group. Through their existing relationship with one of our Corporate Finance Partners, Stephen Orriss, and their understanding of our extensive client base of publicly listed companies, Roebuck trusted we could deliver the transaction smoothly, despite the increased regulatory requirements that listed companies are bound by.

Mike Orton, and Adele Hebditch from Moore Kingston Smith’s corporate finance team and David Coates and Amy Tilley from the corporate tax team provided both financial and tax due diligence on the transaction.

Aidan Hughes, Deputy Chairman at Roebuck Food Group, commented: “As Roebuck deploys our growth strategy through key acquisitions to strengthen our market share and create shareholder value, Moore Kingston Smith’s Corporate Finance team has been vital to provide us with the guidance and advise to add Moorhead and McGavin to our portfolio. We have been impressed with their level of expertise and personalised hands-on approach. Mike, Adele and the rest of the team know how to smooth out the process.”

Mike Orton, Partner in the Corporate Finance team at Moore Kingston Smith, commented: “It has been a pleasure to support Aidan and the team at Roebuck on this acquisition. We look forward to working with the group in the future as we follow their exciting growth journey.”

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