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New Deal


Announced

Bestway Wholesale to acquire Costcutter from Bibby Line.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Pending

supermarket chain

Specialty Retailers

Acquisition

supermarkets operator

Single Bidder

United Kingdom

Domestic

Private

Synopsis

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Bestway Wholesale, a company that wholesales and distributes food products, agreed to acquire Costcutter, a symbol group supplier to various independently owned convenience shops and off-licences, from Bibby Line, a firm operating vessels for the transportation of freight on the deep seas. Financial terms were not disclosed. “Costcutter is a great brand with a long heritage and a history of success alongside industry-leading and loyal retailers, with some of the best in-store execution in the business. As part of Bestway Wholesale, the team at Costcutter will be able to build upon the amazing results they have been achieving in partnership with their retailers, helping them to innovate and adapt to an ever-changing market in order to grow their businesses and sales," Dawood Pervez, Bestway Wholesale Managing Director.

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