JIMMY’S Iced Coffee was supported on its sale to soft drink giant Britvic by a southern-based legal firm.
The corporate team from Trethowans, who have offices in Bournemouth and Poole, were led by partners Nick Gent and Lucy Gleisner in supporting the shareholders of the drinks company through the sale.
The Christchurch-based brand, which is the UK’s fastest growing ‘ready to drink’ iced coffee company, was founded by siblings Jim Cregan and Suzie Owen in 2010.
The pair will continue as ambassadors to Jimmy’s, supporting the transition while providing advice on brand direction and future innovation to make sure the brand’s core values and ethos continue to drive it.
The sale to Britvic ‘continues the success story’ for the business.
Legal documents for the transaction were exchanged within a week of the acceptance of the offer from Britvic, due to 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 of Jimmy’s, with Trethowans providing external legal advice.
Addleshaw Goddard advised Britvic.
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, said: “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.”
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