International law firm Osborne Clarke has advised Foodbuy Europe Limited, part of the publicly listed Compass Group PLC, ("Compass") the UK’s largest food and support services business, on its acquisition of e-foods, which will sit within Compass' procurement business.
Foodbuy provide expert procurement services to their wide range of foodservice and hospitality clients through a combination of unrivalled scale and outstanding data analysis driven forward by a team of 200 professionals.
Based in Manchester, e-foods provides purchase to pay solutions and supply chain management across a variety of sectors including a strong portfolio of care home clients and supplier relationships.
The acquisition will see Foodbuy bring its cross-sector expertise to the e-foods business, helping to bring additional value to clients and customers, whilst allowing an enhanced food sourcing and service offering. The additional coverage and purchasing power, will help Foodbuy continue to deliver better than market value for clients.
The Osborne Clarke team assisting Compass was led by Corporate team members Partner Tom Try, Senior Associate Josephine Healy and Associate Rachel Barbour. They were supported by a large cross-service line team which included Partners Katie Vickery (Regulatory), David Nisbet (Tax) and Simon Neill (Competition), Associate Director Elizabeth Shanahan (Tax), Senior Associates Tim Anastasis (Banking), Henry Corrigan (Pensions), Lara Flynn (Employment), Charlotte Groom (Commercial), Tom Sharpe (Commercial), Emma Hands (Real Estate) and Veronica Webster Celda (Regulatory) and Associates Rhiannon Gilling (Commercial), Zoe Marks (Employment), Lucy Paull (Competition), Joachim Piotrowski (Competition), Lucy Price (Commercial), Erica Neely Nutall (Banking) and Kirsty Poulton (Tax).
Compass is a valued client having previously advised the company on its acquisition of food technology start-up, Feedr and its joint venture in Peppermint Events.
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the tech, media and comms sector and the retail and consumer sectors, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.