News & Events

News & Events

Back To News

Andrew Jackson advises on £152m acquisition of the heron group

We are delighted to have advised Heron Food Group on its recent acquisition by B&M subsidiary EV Retail, in a £152m deal.

Heron, the Yorkshire-based food retailer, operates throughout the North of England with 251 stores.

With a team led by head of corporate Andrew Funnell, Andrew Jackson advised shareholders throughout the process, which has successfully completed after several months of negotiations.

Andrew said: “We welcome today’s announcement, and are pleased to have successfully delivered for our clients in such a significant acquisition for the region, which brought together multiple partners, shareholders and colleagues from across the professional services.”

Working closely with Deloitte, which provided Heron Food Group with financial services, the Andrew Jackson team provided a range of legal advice and services to shareholders throughout the process.

Of the total £152m deal, £112.1m was paid by B&M today, with £12.8m deferred and based on EBITDA performance.

Andrew concluded:
“This deal marks the start of new era for one of the region’s most important retailers, and on behalf of the team at Andrew Jackson, we wish them every success. I’m delighted to see our corporate team continue to thrive, with a clear focus on delivering exceptional legal services built around our clients’ needs.

“We are very proud to be working with some of the region’s leading businesses, and to be taking an active role in helping them to realise their ambitions.”

The announcement follows several significant regional deals for the law firm, which now operates from offices in Hull, York, Scarborough and Grimsby.

June saw the Andrew Jackson corporate team announce completion of three corporate transactions with an aggregate value approaching £20m, marking a successful start to the first half of 2017.

Contact Us

Let's keep in touch!

To receive regular updates such as newsletters, legal updates and invitations to upcoming events please fill in your details below.

I agree that Andrew Jackson Solicitors LLP will retain my details on its database, and may sometimes use the details in accordance with its Privacy Notice to send marketing materials to me.

    Type your search term above

    Please enter a search term above and we'll show you any matching pages.

    Call us

    Hull+44 (0)1482 325 242

    York+44 (0)1904 275 250

    Grimsby+44 (0)1472 267 770

    Scarborough+44 (0)1723 882 500

    We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the Andrew Jackson Solicitors LLP website. However, you can change your cookie preferences at any time through your browser settings. Click here to view our cookies policy.