Trade sale
Private equity
The Coach Travel Group
Ripe Now
The Coach Travel Group is the result of the strategic amalgamation of Alpine Travel, Barnes Coaches, Coatham Coaches, JH Coaches, Johnsons Coaches, Swans Travel and The Ready Group. The new group is now focussed on delivering an ambitious growth strategy and providing a best-in-class customer service. Our Corporate Finance team, led by Director Alex Hunton, and Partner Dave Howes acted as the lead adviser from start to finish, helping to form the strategy and bring the seven operators together, including approaching investors and helping to navigate the complexities of merging the different groups. Lead adviser on the merger of seven leading regional coach operators.
Employing more than 150 people, Ripe Now specialises in growing, importing and ripening mangoes, and other tropical fruit, which it supplies to major supermarkets and food manufacturers across the UK. Our Corporate Finance team, led by Partner Chris Adlam and Financial Advisory Director Joanne Price, was appointed to support the shareholders on their long term strategy and seeking new investment. After a period of strategic advice and hands-on support we helped prepare the business for sale and managed due diligence through to completion. The team handled negotiations between a number of parties, which resulted in a deal to split the business into two parts to be sold separately. Advisers on the trade sale of tropical fruit supplier, Ripe Now, to leading fruit distributors.
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We thank the team at FRP Corporate Finance for their invaluable support throughout a highly complex process. Kieran Swindells The Coach Travel Group
With a number of parties involved, and two deals completing simultaneously, this was a complex sale process which delivered a great result for Ripe Now’s shareholders and other stakeholders.
Chris Adlam FRP Corporate Finance
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