Investcorp Sale of Tyrrells
Shearman & Sterling advised Investcorp on the £300 million sale of Tyrrells Crisps to Amplify Snack Brands, Inc. Founded at Tyrrells Court Farm, Herefordshire, in 2002, Tyrrells is a premium manufacturer of hand-cooked potato and vegetable crisps, popcorn and other savory snacks. Tyrrells has built on the brand strength of its core product offering to diversify into other premium snack categories, including popcorn, tortilla chips and vegetable crisps. The company has expanded significantly over the past few years with international markets today accounting for close to 40% of sales.
Investcorp is a world-leading manager of alternative investments for select individuals and institutions. Founded in 1982, Investcorp has built a global reputation for superior performance, innovation and client service. With offices in New York, London, Bahrain, Abu Dhabi, Riyadh and Doha, Investcorp currently has more than $10 billion of assets under management.
The Shearman & Sterling team was led by partner Simon Burrows (London-Mergers & Acquisitions); and senior associate Matthew Kichenside (London-Mergers & Acquisitions). The team also included partners Ronan Wicks, Korey Fevzi and Anthony Ward (all London-Finance); associates Richard Porter, Rosie Boyle, Tessa Parkes and Caitlin Ludwigsen (all London-M&A), Carsten Bernauer (Frankfurt-Mergers & Acquisitions), Kendra Kocovsky and Sedina Aidam (both London-Finance), Elizabeth Emerson (London-Tax) and Savas Manoussakis (London-Antitrust); and trainees Joe Ohlson, Camilla Bunney (both London-Mergers & Acquisitions) and Alice Graham (London-Tax).
Shearman & Sterling previously advised Investcorp on its acquisition of Tyrrells Crisps from Langholm Capital for £100 million ($132 million) in August 2013. More recently Shearman & Sterling advised Investcorp on the sale of Icopal (January 2016).