Ashcombe advises Equinoxe Solutions on its sale to Foodbuy
Ashcombe has advised Equinoxe Solutions on its sale to Foodbuy (part of Compass Group UK & Ireland)
Equinoxe offers solutions in hospitality procurement, supply chain services, systems management and facilities management to help optimise efficiency and ensure compliance
Foodbuy – part of Compass Group UK & Ireland, the UK’s largest food and support services company – is a leading F&B procurement business with £1bn+ of managed spend
Ashcombe is pleased to announce that it has advised Equinoxe Solutions on its sale to Foodbuy (part of Compass Group UK & Ireland).
Founded in 2008, Equinoxe offers businesses within the catering industry tailored solutions across all areas of procurement, supply chain services, systems management and facilities management. This helps optimise price, quality and service, and enables businesses to remain fully compliant, offering a safe place of work for both staff and customers.
Foodbuy is a leading food procurement company with over £1bn of managed spend. Part of the UK’s largest food and support services business Compass Group UK & Ireland, Foodbuy offers procurement solutions to companies across a range of industries including hospitality, restaurants, hotels, care homes and education establishments.
Simon Bullivant, Founding Partner of Ashcombe, commented:
“The hospitality industry suffered greatly during Covid lockdowns, but the strength of the Equinoxe business meant they weathered it really well, and their services were even more in demand as the industry opened up. We are not surprised that they attracted interest from buyers, and are delighted that they have found such a good home”.
Lee Parker, co-founder of Equinoxe, commented:
“Ashcombe helped negotiate and structure a deal that met all shareholder objectives. Their approach and knowledge delivered clear communication and deal management throughout the process. We are delighted with the outcome and couldn’t be happier with the Ashcombe team.”