The PwC UK Corporate Finance team is pleased to announce that it has acted as principal financial advisor to the shareholders of Cambrian Pet Foods on the sale of a majority stake to United Petfood.
Carmarthenshire-based Cambrian was founded in 1982 and is a leading independent manufacturer of both dry and wet pet food. It has three state-of-the-art production plants across the UK and employs 130 people. The company is specialised in the private label production of high quality dry and wet food for both dogs and cats.
United Petfood is a leading international producer of dry and wet pet food, biscuits and snacks for private label customers and brand owners, based in Belgium. United is backed by the Netherlands-based Private Equity house, Waterland.
The UK PwC team advising on the deal was led by Daniel Gallagher, with support from Amit Aggarwal, Olivia Lonsdale, Chris Hobbs, Phoebe Groves and Bhavik Gohil.
PwC also provided Financial Due Diligence, led by Tom Ayerst and supported by Nirmal Lake and Chris Lawlor, as well as providing Tax advice, led by Adam Waller and supported by Gill Pooler.
Richard Davies and Jonathan Davies, directors at Cambrian, said:
“The PwC team has provided fantastic support to us throughout the process. From the outset, they have demonstrated their in-depth knowledge of the sector and were hands-on in terms of preparation and guiding us through the process, all whilst working virtually.
The PwC team were professional, diligent and well humoured throughout. The long-standing relationship we have built with them over the years has helped us navigate through the transaction and deliver a successful outcome for all parties.”
Dan Gallagher, PwC partner, said:
“We have enjoyed a long-standing relationship with the shareholders of Cambrian and are delighted to have advised them on this transaction. We look forward to seeing the business continue to flourish under United Petfood’s ownership. This transaction continues the strong momentum for PwC’s Consumer team in the pet space, having advised on the Armitage and MPM transactions recently.”