Company News, Deals
Sale of Prestige Purchasing
1–2 minutes
We acted as lead advisers to Prestige Purchasing during its sale of the consortium arm of the business to Pelican Buying Company.
What we did
PEM acted as lead advisers 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
Our team was appointed to conduct a focused 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.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.
