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Food Strategy Associates provide Vendor Due Diligence to support Nimbus Private Equity and Laurens Spethmann Holding with the sale of Halo Foods Limited to Peak Rock Capital

Posted on: September 17th, 2020 by Robert Lawson

Food Strategy Associates Europe LLP (FSA) are delighted to have provided both Commercial and Operational Due Diligence to support the successful sale of Halo Foods Limited by Nimbus Private Equity and Laurens Spethmann Holding (LSH) to Peak Rock Capital.

Headquartered in Newport, Wales (UK), Halo is a leading manufacturer of healthy bars and snacks, with an extensive portfolio that includes cereal bars, fruit and nut bars, gluten-free, high protein and nutritionally controlled bars, including the rapidly growing “Skinny” brand. It has a diverse customer base including national retailers and established international brands. Halo has built an outstanding reputation for providing excellent customer service and exceptional product quality with a focus on the better-for-you segment.

FSA were appointed to advise Nimbus, LSH and Halo management to help objectively frame and evaluate the commercial and operational opportunity for potential investors in what is clearly a dynamic segment of the snacking market. Extensive proprietary market insight and operational assessment all had to be undertaken during the Covid-19 lockdown demonstrating FSA’s ability to operate flexibly and collaboratively with all parties involved both the sell- and buy-side of the sale process. FSA leveraged the breadth of its experienced partner base with project leadership led by Ian Weston, commercial led by Stuart Wilson and operational led by Nigel Devine, overseen by Managing Partner, Robert Lawson. This team demonstrates FSA’s unique hybrid model with nearly 100 years of blue-chip food industry expertise and over 30 years’ consulting experience between them.

Alexander de Haas, Partner, for Nimbus said “Food Strategy Associates were absolutely the right choice for the commercial and operational due diligence for Halo Foods. They completely understand the sector and convinced us of their value in fully understanding how the market is developing and our operational capability and capacity to deliver the management plan. They are also highly skilled in presenting their work in written report and verbal form for investors to fully understand the value creation opportunities of an asset.”

John Tague, Managing Director, for Halo Foods said “Having the food sector know-how and consulting rigour of FSA on-board both helped and challenged Halo management through the process. FSA ask the right questions and get to the real issues straight away because they know what they are talking about. We learnt a lot about our business and appreciated the value of having senior FSA partners work with us throughout the process to evaluate our plan. You cannot put a price on the value that comes with insight, experience and the ability to know how food businesses really operate.”

Robert Lawson, Managing Partner, for FSA said “As food industry operators and experienced senior consultants, we work well alongside management, owners and advisers and we are delighted to see the process come to a successful conclusion with the sale to Peak Rock Capital.”

Notes to Editors: Food Strategy Associates Europe LLP provides advice on the food manufacturing sector to those operating within the industry and to those seeking to invest in it.

Media Enquiries: Please contact Robert Lawson on robert@foodstrategy.co.uk or 07810 756957