Sale of Prestige Purchasing Consortium

Logo of Prestige Purchasing Limited

PEMCF acted as lead advisors to Prestige Purchasing Limited during its sale of the consortium arm of the business to Pelican Buying Company. 

Company background

Pelican Buying Company manages procurement for customers in the hospitality, education and private healthcare sectors, while the Prestige consortium works alongside clients, primarily in the hospitality and food services industry, to improve value in their supply chains.

What was special

PEMCF were appointed to conduct a focussed marketing of the business to achieve the right deal and to a controlled timetable.  The best deal was secured after discussions with a number of buyers.

Deal structure

This deal was the sale of the stand alone consortium division of Prestige Purchasing Limited to a corporate buyer.

 

Read the press release

Deals

  • Cambridge Publishers Ltd
  • Molecular Dimensions Tony Savill
  • Nitritex Limited
  • Sale of Pope Woodhead & Associates
  • George Lister logo
  • Element Energy logo
  • Alacer Software logo
  • 42 Technology
  • dB Broadcast logo
  • Kloeber Ltd logo