Mills & Reeve gets a flavour for lockdown deal completion

Ambienta, a European private equity fund focused on industrial growth by investing in companies driven by environmental trends, has carried out a management buy-out of UK business, Create Flavours Limited. Mills & Reeve was instructed by Pedersoli, a leading Italian independent law firm, acting for Ambienta to advise on the UK aspects of the deal and on the acquisition.

For Nactarome, this will create new markets and an increased UK presence, complemented by the fact that Create Flavours is renowned for its innovations in flavouring technology using natural ingredients, a selling point that is increasingly sought by consumers. Ambienta, which translates from Italian as “environment”, have a vision to enhance the natural world so this business is a perfect fit to their growing portfolio.

This is the second time Mills & Reeve has worked with Pedersoli and the deal was completed despite the lockdown measures currently in place across both the UK and Italy due to the coronavirus pandemic

Peter McLintock, corporate partner at Mills & Reeve said: “This was quite an achievement from all involved. We imagine this must be one of a very small handful of non-rescue deals in the current environment anywhere in the UK. Led superbly by our own Hayley Simonds, it is a shining example how things can get done even in these unprecedented times when there is a will to do so.”