CH&Co has now completed a refinancing deal with Equistone Partners Europe, which has replaced MML Capital Partners as the group's minority equity partner.
Ed Baker, who will be joining the board of the business on behalf of Equistone Partners Europe alongside Dominic Geer, said, “CH&CO is a company with a highly respected brand, a diverse range of customers and a management team with a proven track record of delivering growth.
'The company manages catering facilities at some of the UK’s best-known visitor attractions, and with many employers increasingly seeing the great potential that offering food has as an employee benefit, and demand for nutritionally balanced school lunches continuing to grow, CH&CO is well-positioned to continue its impressive expansion.
'We look forward to working with Bill and the team to support further add-on acquisitions and to explore cross-selling opportunities within the existing business.”
Bill Toner, CEO of CH&CO, commented, “We’re pleased to be partnering with Equistone in delivering the next phase of the company’s development. Their investment will provide us with the financial support to fund further strategic mergers and acquisitions of the type that we have successfully used to date to grow the business and to diversify our customer base.
'Going forward, our focus will remain first and foremost on continuing to deliver high-quality catering, hospitality and events management services to our customers and providing excellent career opportunities to our team members.”