Slaughter and May is advising Bunzl plc on its acquisition of Nisbets Limited

Slaughter and May is advising Bunzl plc (Bunzl) on its acquisition of an 80% stake in Nisbets Limited and associated entities (Nisbets) for an initial consideration of £339m. An additional earn-out amount may be payable to the sellers, based on Nisbets’ financial performance in 2024. The transaction also includes put and call options that enable Bunzl to acquire the remaining 20% stake in the future, subject to satisfaction of certain conditions. The transaction is subject to customary regulatory approvals.

Founded in 1983 by Andrew Nisbet, Nisbets is an omni-channel distributor of catering equipment and consumables in the UK & Ireland, Northern Europe and Australasia. It has over 1,800 employees and a management team that will remain with Nisbets post-acquisition, with the Nisbet family continuing to hold a minority interest alongside Bunzl

Sally Wokes Partner
Richard Hilton Partner
Christopher Han Associate
Zahida Manji Associate
Victor Chu Associate
Luke Ong Associate
Kerry O'Connell Partner
Alexander Chadd Partner
James Keeves Associate
Sarah Osprey Partner
Kasim Mehmood Associate
Technology, Digital, Data & IP
Rob Sumroy Partner
Rebecca Cousin Partner
Issabella Cardu Associate
Alex Buchanan Associate
Pensions, Employment & Incentives
Daniel Schaffer Partner
Phil Linnard Partner
Will Amor Associate
Real Estate
John Nevin Partner
Richard Keczkes Head of Planning
Hetty Smurfit Associate
Matthew Tobin Partner
Teigan Betteridge Associate
Financial Regulation
David Shone Partner
Kristina Locmele Senior Counsel
Jay Welch Associate