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Thu 3rd August
York firm's role in B&M bid
A partner in a York law firm has advised on a £153 million acqusition in which B&M subsidiary EV Retail acquired Heron Food Group.

Andrew Jackson Solicitors LLP, with a team led by head of corporate Andrew Funnell, advised shareholders throughout the process, which successfully completed this week after several months of negotiations.
 
Mr Furnell said: “We are pleased to have successfully delivered for our clients in such a significant acquisition for the region, which brought together multiple partners, shareholders and colleagues from across the professional services.”

The Andrew Jackson team worked closely with Deloitte, who provided Heron Food Group with financial services, with Mr Funnell and the team providing a range of legal advice and services to shareholders throughout the process.

Of the total £152 million deal, £112.1 million was paid by B&M yesterday, with £12.8 million deferred and based on EBITDA performance.

For the full story, please see the York Press website

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