MML Capital Partners ("MML") has exited its minority stake in contract caterer WSH Group, which trades under the brands BaxterStorey, Cater Link, Holroyd Howe Independent, benugo and Portico. MML's exit has been achieved via a management led refinancing.
MML has enjoyed a long and successful association with WSH and its management team led by CEO Alastair Storey. During this time WSH has grown sales from £22m to over £350m, with MML providing five rounds of funding to support acquisitions. Most recently MML invested £25m in 2007 to facilitate the acquisitions of contract caterer Holroyd Howe and venue caterer Benugo.
MML co-founder Rory Brooks commented, "WSH is a perfect example of MML's investment strategy of partnering owner managers to grow their businesses. Alastair and his management team havem proved exceptional in delivering consistently strong organic growth, alongside a successful acquisition strategy supported with capital from MML. We wish WSH, Alastair and his team all the best for the future."
As a specialist minority investor, MML Capital remains absolutely committed to investing alongside owner managers; funding growth and providing liquidity for shareholders in the UK, Western Europe and the US.