Sale of Phaseolus

Phaseolus Ltd logo

PEMCF advised the directors of Phaseolus Ltd on its sale to Place UK, one of the nation’s leading and most diverse suppliers of soft fruit.

Company background

Headquartered in Bottisham near Cambridge, Phaseolus provides individually quick frozen (‘IQF’) pulses and beans to the UK food manufacturing industry. In addition to high-demand products like red kidney beans and chick peas, Phaseolus also supplies borlotti and cannellini beans, haricot, lentils and split peas.

What was special

Place UK had a longstanding relationship as a supplier to Phaseolus, providing the services of cooking and freezing beans and pulses. Place recognised that Phaseolus would be a good fit with their business; and with a pipeline of new products to introduce, Phaseolus’ prospects for growth are only strengthened by its new position as part of a larger group.

Deal structure

Sale shares to large corporate purchaser

 

Read the press release

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