Dains Corporate Finance are delighted to announce their involvement in advising the Pancholi family in the sale of Just Egg to Noble Foods.
Established in 2003 in Leicester by Pankaj Pancholi, Just Egg has been a market leader in the development of egg products that have become a staple on the shelves of UK shops, cafes and supermarkets. Noble Foods established in 1920 are a leading supplier of fresh food products to major retailers with brands such as The Happy Egg Company on their portfolio.
Duncan Everett CEO of Noble Foods said "We feel honoured to be taking forward the Just Egg legacy. The business Pankaj and his team have built is one we deeply respect, and we’re committed to preserving the quality, service and care their customers value so highly.”
Majority seller Pankaj said "This business has been my life’s work, and I’m incredibly proud of what our team has achieved. As I step back, I do so with confidence knowing Just Egg is joining Noble Foods - a company that shares our values and passion for quality. I know the business is in capable hands for the future."
He added "I'd also like to thank our advisors, Dains, for their effort throughout the process. They were truly professional and guided my sons and I through the complex process of selling our business. This comes off the back of the excellent service that they have provided to us as a business over the last 20 plus years as trusted financial advisors and accountants."
The deal was led by Chris Matthews of Dains Corporate Finance with support from Suhail Seedat. Jon Kicks and Danika Bhakta of Dains Corporate Tax provided tax advice to the sellers.
Chris said “It’s been clear from the outset the passion that Pankaj and his sons have for their business and it’s been a pleasure to help them in transitioning it to new ownership. I wish them and Noble all the best for the future.”
Jahid Ali and Hasin Ali of GunnerCooke provided legal advice to the sellers.