Acquisition of Dri-Pack

Heligan Group advised on the acquisition of Dri-Pak Limited a third generation, Midlands based, FMCG business for an undisclosed sum.

Heligan provided lead buy-side advisory services to a consortium of successful entrepreneurs who acquired Dri-Pak Limited, the largest independent packer of food and dishwasher sale in the UK and a leading manufacturer of cleaning, laundry and other related products. Products include table salt, dishwasher salt, soda crystals, borax and liquid soap and are manufactured under Dri-Pak’s own heritage brands as well as client brands.

The deal was an off-market transaction with Heligan advising on valuation, structure, funding, completion mechanics and the wider process. In addition Heligan, managed multiple due diligence providers including; Financial, Tax, HR, Legal, Insurance, Operational and IT, as well as leading the debt funding process.

A. James, the lead investor of the consortium commented:

“We chose Heligan because of their personable, diligent, style and technical capabilities, having been recommended to us by a close contact of ours. Heligan led the process from start to finish providing valuable insights and navigating us through some very choppy waters along the way.  We felt confident that Heligan always had our best interests at heart and they were particularly impactful in negotiating the key commercial terms on the deal including; price, structure and funding. Ultimately, we thought Heligan did an excellent job as we have acquired a business with massive growth potential and Heligan was instrumental in delivering this for us.”

Sector:  Consumer products

Location:  Ilkeston, England

Value:  £10m - £20m

Website:  www.dri-pak.co.uk

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