Liberty advises the management of CH&CO on their aquisition by Equistone Partners Europe

Equistone Partners Europe Limited (“Equistone”), one of Europe’s leading mid-market private equity investors, today announces its invesment in CH&CO, a leading UK contract catering group, originally backed by MML Capital Partners in 2015. CH&CO will continue to be led by current CEO Bill Toner and its management team, who together retain a material shareholding in the company. The financial terms of the deal are undisclosed and completion remains subject to clearance from the relevant competition authorities. Headquartered in Reading, CH&CO offers premium contract and hospitality catering services throughout the UK to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare and events. The company has a prestigious client portfolio including some of the UK’s leading companies, charities and organisations and has held a Royal Warrant for the provision of catering services to HM Queen since 2013. CH&CO generated revenues of £286 million in 2018, having grown both organically and acquisitively since CEO Bill Toner joined the company in 2011.


PREVIOUS DEAL ANNOUNCEMENTS

Liberty expands into Europe

19 March 2019

Liberty expands in Europe with a new office in Spain