Quercus delivers cross-border success in aviation foods solutions

February 29, 2020
Andrew Clegg

Quercus Corporate Finance LLP is delighted to announce the sale of aviation food solutions company, Monty’s Bakehouse UK Limited to SATS Investments Pte Ltd, Asia’s leading provider of Food Solutions and Gateway Services.

The Quercus team, led by Andy Clegg, advised the Board of Monty’s Bakehouse UK Limited (“Monty’s Bakehouse”) on the sale of the company to SATS Investments Pte Ltd (“SATS”) for a purchase consideration of up to £26.7 million.

Monty’s Bakehouse is a leading innovator of high-quality packaged food solutions for travel markets across the world with offices in the United Arab Emirates and manufacturing sites across Europe, the Middle East, and Asia. The company was founded by CEO, Matt Crane, in 2003 and is headquartered in Surrey.

By combining the culinary expertise of SATS with Monty’s Bakehouse product and packaging innovation, the group intends to enhance its food solutions for aviation customers and support growth into new customer segments. Customers across Asia will benefit from the sustainably-packaged, handheld snacks that Monty's Bakehouse has been providing to a growing roster of premium airlines and other customer segments across the world.

Andrew Clegg, Quercus Partner commented:

“The combination of Monty’s Bakehouse and SATS is a very exciting development for the aviation food industry and I am delighted for Matt and the other shareholders who have built a great business.  In a post-Brexit world, this demonstrates clearly that Britain remains open for business, forging new links in non-EU markets.”

Matt Crane, CEO of Monty’s Bakehouse added:

“Joining a multibillion-dollar market leader like SATS presents an exciting opportunity to accelerate the growth of Monty’s Bakehouse as well as support the growth of SATS in Asia.  I am really pleased that we chose Quercus to help us to structure this complex cross-border deal; their creative thinking, responsiveness and attention to detail were of great value to us throughout the process.”

News Centre

Recent News

Support on the sale of Amazilia Aerospace to Textron

Quercus International, led by Michael Mortimor, has supported Hauck Aufhäuser Lampe, a fellow member of the Terra Alliance, on the sale of Amazilia Aerospace GMBH (“Amazilia” or the “Company”) to Textron Inc (“Textron”). Hauck Aufhäuser Lampe served as the exclusive financial adviser to Amazilia’s shareholders, whilst Quercus International provided sector input throughout the transaction, and closely […]

NVM invests in MRO+ Solutions Group

A Quercus International team, led by Michael Mortimor, has provided sector-led buy-side support to NVM on their investment to support the management buyout of MRO+ Solutions Group. MRO Solutions is a highly technical, value-added distributor of critical products to a range of process and manufacturing industries.  The Group operates nationally through its wholly owned subsidiaries, […]

Literacy Capital invests in Live Business

A Quercus International team, led by Michael Mortimor and Andrew Clegg, has advised the shareholders of Live Business Limited (“Live Business” or the “Company”) on an investment in the business by Literacy Capital plc (“Literacy Capital”), giving it a significant minority stake. Since its establishment by Mark Dixon and Dan Lock, Live Business has evolved […]

1 2 3 32
arrow-right