We are pleased to announce that the Corporate Finance Team has advised Cambridgeshire-based Prestige Purchasing Holdings Limited on its acquisition by Entegra Europe UK Limited, a subsidiary of Sodexo S.A., in a transaction that strengthens Entegra’s position in the UK hospitality and procurement sector.
The transaction sees Entegra Europe UK acquire 100% of Prestige Purchasing Holdings, enabling Entegra to expand its market presence in the UK while providing Prestige with the scale, resources and backing of a global organisation. The value of the transaction has not been disclosed.
Prestige Purchasing Holdings has established a strong reputation as a specialist procurement business serving the hospitality sector, delivering value for money and tailored solutions to its client base. As part of Entegra Europe UK, the business will be fully integrated, allowing customers to benefit from access to a broader and more resilient supplier network through Sodexo’s international infrastructure, alongside enhanced procurement capability.
Following completion, the combined business will be led by Entegra Europe UK’s management team. Prestige’s employees and operations will transfer into Entegra Europe UK, with business continuing as normal while integration into Entegra’s wider UK operations progresses.
Strategic rationale
The acquisition supports Entegra Europe UK’s strategy of expanding its market share within the UK hospitality and procurement sector, deepening its coverage and strengthening its service offering. For Prestige Purchasing Holdings, the transaction provides long-term stability and growth opportunities through the support, resourcing and investment capability of Sodexo.
Customers are expected to benefit from enhanced purchasing power, access to a wider supplier network and a strengthened service proposition, with continuity maintained throughout the integration process.
Advisers
PEM acted as sole M&A adviser to Prestige Purchasing Holdings, providing lead advisory and transaction support, alongside tax advice.
- Deal lead and advisory team: Philip Olagunju, Darren Hagan and Asaad Khan
- Tax advisory team: Matthew Eady, Michael Godfrey and Rob Plumbly
Commenting on the announcement, Shaun Allen, Chief Executive Officer at Prestige Purchasing, said:
“I would like to say a huge thank you to both teams at Buckles and PEM for all your help and support getting this deal done. These processes always have a level of complexity involved and really appreciate all your guidance in helping us navigate them successfully through to completion!
Thanks again from me and all of us at Prestige!”
Legal and due diligence advisers included:
- Sell-side legal advisers: Buckles
- Buy-side legal advisers: Browne Jacobson
- Buy-side due diligence: PwC
The acquisition was funded in cash and is subject only to standard public sector approval processes to ensure that no conflicts of interest arise.
Philip Olagunju, Partner and Head of Corporate Finance at PEM, commented:
“This transaction represents a strong strategic outcome for Prestige, securing the future of the business within a well-capitalised and highly respected international group. Personally, it has been a pleasure working alongside management once again, following the management buyout PEM advised on in 2024. It’s great to deliver another deal that creates long-term value for customers, employees and stakeholders. Congratulations to all parties involved.”
This marks another successful M&A advisory deal for PEM within the UK hospitality and procurement sector, further strengthening the firm’s credentials in supporting growth-led businesses.