- 03 Aug 2023
- 2 min read
Trethowans corporate team acts for the shareholders of Jimmy’s Iced Coffee Limited in its sale to Britvic
The Trethowans team, led by partners Nick Gent and Lucy Gleisner, are delighted to have supported the shareholders of Jimmy’s Iced Coffee Limited in their sale to Britvic. Jimmy’s Iced Coffee is the UK’s fastest growing ‘ready to drink’ iced coffee brand and the transaction continues the success story for the Dorset business, started in 2010 by brother and sister, Jim Cregan and Suzie Owen.
Legal documents for the transaction were exchanged within a week of acceptance of the offer from Britvic, made possible by the pragmatism of the parties involved and the quality and experience of their advisers. Piper Sandler’s European Consumer team, led by Rob Iseman and Alastair Mathieson, were lead advisors to the shareholders, with external legal advice provided by Trethowans for the shareholders and Addleshaw Goddard for Britvic.
Commenting on the deal, Nick Gent said “It has been a real privilege to have worked alongside the team from Piper Sandler in supporting Jim, Suzie and fellow shareholders in the sale of Jimmy’s to Britvic. It’s a wonderful success story and marks the next chapter in the continued success and development of a much-loved brand. A lot of midnight oil was burnt in getting the legals finalised in such a short timescale, but it was the collaborative mindset of everyone involved that really shone through.”
Jim Cregan, co-founder of Jimmy’s, had the following to say “We are all so excited and proud to have done a deal with such an iconic and powerful business like Britvic, who will enable us to reach more great fridges across the UK and beyond. To have completed the transaction in such a phenomenally short time scale is only possible when you’ve got an incredible team around you and Trethowans have been a monumental cog in this machine. Thank you to the whole team!”
The co-founders, Jim and Suzie, will continue to be involved in the business as ambassadors for the brand, helping to support the transition while providing advice on brand direction and future innovation, ensuring that Jimmy’s core values and ethos continue to drive the brand.