Innovative Bites Group acquires Hancocks Confectionery Group

Deal typeTransaction Services
IndustryRetail & Consumer

The BDO Transaction Services team has provided vendor financial and tax due diligence and tax structuring services to Innovative Bites Group on its multi-million pound acquisition of Hancocks Confectionery Group. It is the second East Midlands acquisition for Innovative Bites in the space of a year. BDO advised Bonds of London, a Nottinghamshire sweet maker established in 1895, on its' sale to Innovative Bites in April 2016.       

The acquisition of Hancocks aligns with Innovative Bites' aspirations to significantly grow scale in the UK and across Europe. The businesses are highly complementary and differentiated in their products, geography and approach. transaction allows Innovative Bites to combine its best-in-class manufacturing and high-quality confectionery range with Hancocks unparalleled route to market. The combined group will have a sales team of more than 150 and will offer 7,000 confectionery products.      

“BDO provided us with excellent advice throughout the process. Their sector knowledge, experience and advisory expertise was evident throughout this transaction and we were impressed with their dedication and client service. The team managed the process in a timely and efficient manner and were a pleasure to work with throughout. We really appreciated the assistance and would certainly use BDO again on any future transaction.”

Vishal Madhu – Founder and Owner, Innovative Bites Group