Caterer CH&Co is targeting a new chapter of growth after completing a refinancing deal.
The arrangement with Equistone Partners Europe sees MML Capital Partners replaced as the company’s minority equity partner.
The company, which employs nearly 6,500 people, boasts a prestigious client portfolio, providing catering services for some of the UK’s leading companies, charities and organisations, as well as holding a Royal Warrant for the provision of catering services to HM Queen for six years.
The new partnership with Equistone will enable CH&Co to continue with its M&A strategy, allowing it to develop the business and diversify its customer base.
In a statement, it said: “CH&CO continues to be a majority management-owned company and it is very much business as usual with a focus on meeting and exceeding the needs of our clients and developing our team. CH&CO is looking forward to this next stage in our growth as we work with Equistone in the coming years.”
Having grown both organically and acquisitively over the past eight years, CH&Co generated revenues of £286m last year.