• Bagel Nash Limited
Deals:

Bagel Nash Limited

21 December 2020

Sector

Manufacturing – Food

Business description

Bagel Nash Limited (“Bagel Nash”) is a renowned UK artisan bagel manufacturer with over 30 years of experience, producing quality frozen and ambient bagels. The business is underpinned by a well-invested manufacturing facility.

Situation

Shareholders have been planning for an exit since 2018. However the process was accelerated due to the Covid-19 pandemic’s impact on the cash flow and sales.

BDO Role

BDO’s Special Situations M&A Team was introduced by Bagel Nash and its PE shareholder (YFM Private Equity) to explore a potential transaction. BDO ran an accelerated transaction to approach a range of financial and strategic trade acquirers.

Outcome

Following a robust process a transaction was delivered to trade party, Golden Acre Foods, who will operate the business as an independent investment to expand its current product range.