- Quinn Advises Key Capital Partners in their Glorious Investment
The Quinn Partnership Advises Key Capital Partners in their Glorious Investment
The Quinn Partnership, the UK’s leading specialist provider of Management Due Diligence services has advised private equity firm Key Capital Partners (KCP) in their investment in TSC Foods. The Leeds-based office and Yorkshire Bank have funded the management buyout of TSC in a £24 million deal. KCP have invested £6 million and have a majority stake in the business.
Based in Scunthorpe, TSC Foods who specialise in Soups and Sauces, produce ranges sold to high profile restaurants and supermarkets including Waitrose. Their ranges include the Glorious brand endorsed by Celebrity Chef Marco Pierre White.
TSC have seen significant growth and currently have an annual turnover close to £35m. With the appointment of a new managing director Jonathan Skofic, the company will now be looking to further develop and source exciting new opportunities within the food industry.
Paul Quinn, Director at The Quinn Partnership commented “Jonathan and the team are at an exciting phase within the development of the TSC business. Our involvement builds upon our extensive experience of deals and transactions within this sector and demonstrates why so many Private Equity houses and funders turn to The Quinn Partnership to understand the critically important capabilities that will turn ambitious plans into even stronger and more valuable success stories.”