- Quinn Advises on Healthy Investment in Wholebake
Quinn advises on healthy investment in Wholebake
The Quinn Partnership, the UK’s leading provider of Management Due Diligence to the private equity market has advised Finance Wales on their recent financing of a management buyout of successful Denbighshire-based food manufacturer, Wholebake Ltd. The move will enable Wholebake’s new management team to build on the company’s profitable growth.
Managing Director, Mark Gould and Operations Director, Richard Shaw used the investment to buy-out founder, Steve Jones’ majority shareholding when he decided to retire after 25 years with the business. Gould and Shaw have each been involved in Wholebake for over 5 years and will now oversee the business as it continues to expand into new markets.
Established in 1984, Wholebake manufactures and distributes a range of own-brand seed and fruit bars to supermarkets, health food chains and other retail outlets. Its product range includes the popular 9Bar which has been on the market for 10 years and is one of the leading ‘Free From’ healthy snacks in the UK. The remainder of Wholebake’s revenue comes from contract manufacturing where it has an excellent and growing reputation.
Mike Stiles, Director at The Quinn Partnership, commented; “Mark Gould and Richard Shaw are two experienced and well-rounded senior executives who are well equipped to partner with Finance Wales in establishing a new era of growth and success.”