Law firm’s corporate team gets a flavour for lockdown deal completion
A team of corporate and commercial corporate specialists in the Birmingham office at Mills & Reeve has advised on the acquisition of Create Flavours by Nactarome, an international flavours business backed by Italian private equity house Ambienta.
Ambienta has carried out a management buy-out of UK business, Create Flavours Limited.
Mills & Reeve was instructed by Pedersoli, an Italian independent law firm, acting for Ambienta to advise on the UK aspects of the deal and on the acquisition.
For Nactarome, this will create new markets and an increased UK presence, complemented by the fact that Create Flavours is renowned for its innovations in flavouring technology using natural ingredients, a selling point that is increasingly sought by consumers.
This is the second time Mills & Reeve has worked with Pedersoli and the deal was completed despite the lockdown measures currently in place across both the UK and Italy due to the coronavirus pandemic.
Peter McLintock, corporate partner at Mills & Reeve based in Birmingham, said: “This was quite an achievement from all involved. We imagine this must be one of a very small handful of non-rescue deals in the current environment anywhere in the UK.
“Led superbly by our own Hayley Simonds, it is a shining example how things can get done even in these unprecedented times when there is a will to do so.”