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.