91̽»¨

RSM’s M&A and private equity team has successfully advised on the sale of TasteConnection Limited, a manufacturer of award-winning specialist seasonings, glazes and marinades, to Nactarome Group, funded by pan-european private equity house Ambienta.

The client

Based in Gloucestershire, TasteConnection was created to connect specialist seasonings, provenanced ingredients and forthcoming food trends with market leading brands and premium own label products. The highly successful management team will remain a part of the TasteConnection division and wider group to guide the business through its next stages of growth.

RSM's Solution

This acquisition is Nactarome Group’s second in the UK, and 91̽»¨were appointed as lead advisers to the TasteConnection shareholders after successfully advising on the sale of Create Flavours to Nactarome Group last year. The transaction enables Nactarome Group to continue their buy-and-build strategy and to further develop a market leading business focusing on servicing mid-sized food manufacturers. The addition of TasteConnection to its portfolio will enable Nactarome Group to expand its UK capabilities whilst benefitting from an array of synergies between its two UK operations.

Lead advisory team: Ian Wherry, Stephanie Wilson and Rhys Jennings. In addition, tax structuring support was led by Corporate Tax partner Andrew Gordon.

Testimonial

'We see this acquisition as a great fit for both of our organisations, and believe TasteConnection will strongly complement the wider group. We are very grateful to the team at 91̽»¨for their hard work on our behalf to secure a good deal for us as the existing shareholders, and for the future of the business. Their advice was invaluable, steering us through a complex transaction against tight timescales and with minimal disruption, really allowing us to continue to focus on the business during this time'

Andrew Sainsbury, Co-founder

TasteConnection