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.
Talk to the deal team
Related deals
Balticovo has acquired Babičkin dvor
Balticovo has acquired 100% of the shares in Babičkin dvor. The acquisition marks Balticovo’s direct entry into the Slovak market and establishes a platform for further growth in Central Europe. Balticovo plans to expand Babičkin dvor’s production capacity through investments in new facilities, technology and know-how, supporting the continued development of domestic egg production in Slovakia.
Learn moreKindernet has welcomed a new long-term strategic partner
Kindernet, a Netherlands-based childcare provider with 40 preschool and after-school care locations, has joined forces with a leading European education group to further strengthen the quality and availability of childcare in the evolving Dutch childcare market.
Learn moreNutrition & Santé has divested its Spanish organic assets to Alimentos Sanygran
Nutrition & Santé Group has divested its Spanish organic assets to Alimentos Sanygran. The transaction included the Natursoy brand; the Castellterçol production site dedicated to organic chilled plant-based meat alternatives; a three-year Gerblé chilled-business license; manufacturing and transition services agreement (TSA) arrangements for Nutrition & Santé’s French Céréal Bio and Soy brands and third-party brands; distribution contracts for more than 10 organic brands; and a dedicated sales force serving specialized organic and dietetic retailers in Spain.
Learn more