Doyles Veg Prep Ltd. has been acquired by Musgrave Group

September 2023 — Fresh produce supplier Doyles Veg Prep has been acquired by the Musgrave Group.

Doyles Veg Prep is a specialist provider of fresh fruit, vegetables and prepared produce, primarily servicing the hospitality sector across Dublin, Ireland. The company consists of two main divisions: the sourcing and distribution of whole fruit and vegetables, dairy and cheese; and the production and preparation of fresh vegetable and potato products. Doyles Veg Prep was founded in 1976 and today employs 75 people.

Musgrave Group is an Irish food wholesaler founded in Cork in 1876. Musgrave is Ireland’s leading food retail, wholesale and foodservice company. Together with their retail partners, Musgrave supports over 41,000 jobs in more than 1,000 stores, offices and distribution centers. In Ireland, Musgrave operates through 15 leading food brands that include SuperValu, Centra, Frank and Honest, Donnybrook Fair and Musgrave MarketPlace. In FY21, Musgrave Group reported revenues of over US$5 billion and has operations across the island of Ireland and Spain.

Our role in the transaction

Oaklins’ team in Ireland acted as the exclusive sell-side financial advisor to the shareholders of Doyles Veg Prep Ltd on its sale to the Musgrave Group, assisting in all aspects of the transaction, including the initiation, negotiation of deal terms and deal structuring.