Quercus advises on catering services acquisition

January 16, 2016
Quercus Finance

Quercus Corporate Finance is delighted to announce an acquisition in the catering services sector as Harbour & Jones Ltd acquires Kent-based Principals Catering Consultants Ltd.

The Quercus team, led by Andrew Clegg, advised the Board of Harbour & Jones on its acquisition of Kent-based PCC and an associated funding package.  Financial details of the transaction have not been disclosed.

Headquartered in central London, Harbour & Jones is a privately owned pioneering and independent food services company, a leader in the field of contract catering and hospitality service with a clear ambition to grow both organically and via acquisition.

PCC is based in Beckenham and trades in both the events and business and industry fields as Fare of London, a prestigious contract catering and venue management business, and Principals Catering, a prominent education caterer.

The combination is highly complementary and provides Harbour & Jones with access to the schools catering sector.

Andrew Clegg, Partner of Quercus said:

“We are pleased to have successfully advised Harbour & Jones on the acquisition of PCC. There is clearly a strong commercial and cultural fit between the two businesses and the combination promises to be a very exciting proposition in the market".

Nick Thomas, Harbour & Jones’s Finance Director added:

“We are delighted to have worked with Quercus on this important transaction which underpins our ambitious growth plans. Quercus provided straightforward, objective advice and we clearly benefited from the years of experience they bring to a transaction. We are delighted with the outcome and look forward to working with them again in the future”.

 

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