Acquisition: Bewley’s Tea and Coffee UK Limited
Cafédirect Plc (Cafédirect), a sustainability and fairtrade-focused retailer of coffee, tea and other hot beverages, has completed the acquisition of Dublin-based Bewley’s UK coffee roasting and distribution business, Bewley’s Tea and Coffee UK Limited (Bewley’s UK).
The acquisition will allow Cafédirect to complement and widen its reach in the market as well as providing vertical integration opportunities into its supply chain. The transaction also included a long-term agreement for the exclusive supply of Cafédirect’s retail coffee from Bewley’s.
Bewley’s UK is a leading wholesale solutions provider in the UK tea and coffee market and represents an established brand in the industry.
Crowe's role and team
Crowe provided financial and taxation due diligence advice and transaction support services for Cafédirect Plc. The Corporate Finance team was led by Dan Nixon, supported by Ioanna-Maria Kasinou and Jacob Porter. The taxation due diligence was led by Trevor Ling.
Client quote
"Crowe responded in excellent fashion to our short notice request for support with its financial due diligence, supporting Cafédirect with what was a very short timescale to completion, being less than two months. A team was assembled at great pace and were very active in requesting and interrogating relevant data and in their follow up with the seller and delivered a high-quality report in good time for us to address issues prior to completion. Communication from Crowe was excellent throughout, with regular update meetings. They were a much valued partner in the process."
James Nixon, Finance Director, Cafédirect Plc
