Typhoo Tea's Revival via Supreme Acquisition
Deal News | Dec 02, 2024 | TLT
National law firm TLT has provided advisory services to Kroll administrators for the acclaimed sale of Typhoo Tea, a storied 120-year-old brand, to Supreme Imports Ltd. This strategic acquisition is set to bolster Supreme's growth prospects while revitalizing Typhoo Tea's market presence and legacy. TLT's comprehensive advisory encompasses various legal disciplines such as finance, restructuring, tax, employment, commercial, corporate, and real estate aspects, highlighting their robust capabilities in steering retail sector restructurings. This complex endeavor underscores TLT's expert proficiency, which helped realize an optimal outcome for Typhoo Tea amid challenging circumstances. Kroll's Managing Director, Philip Dakin, lauded the successful collaboration with TLT, emphasizing the firm's valuable commercial inputs and retail sector insights, pivotal to navigating this intricate transaction.
Sectors
- Retail
- Corporate Finance
- Consumer Goods
Geography
- United Kingdom – This is relevant as Typhoo Tea is a UK-based brand and the transaction primarily involves UK entities.
Industry
- Retail – Involves companies and services related to the sale of goods and services to consumers. This is relevant as Typhoo Tea is a consumer brand in the retail sector.
- Corporate Finance – Refers to the actions corporations take to increase shareholder value through financial planning and management. Relevant due to the financial and restructuring advisory services provided by TLT and Kroll.
- Consumer Goods – Involves the manufacturing and sale of products that are sold directly to consumers. This sector is relevant given Typhoo Tea's involvement in selling pre-packaged tea goods.
Financials
- – No specific financial details such as deal price or valuations were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Typhoo Tea | Target company | Company | A historic UK tea brand established in 1903, known for being the first pre-packaged tea brand in the UK. |
| Supreme Imports Ltd | Buyer | Company | A consumer products specialist company that acquired Typhoo Tea to support its growth and product diversification. |
| TLT | Advisor | Company | A national law firm that advised administrators from Kroll on the sale of Typhoo Tea. |
| Kroll | Administrator | Company | A global restructuring advisory firm appointed to handle Typhoo Tea's administration and find a buyer. |
| Peter Carney | Finance Partner | Person | Finance partner at TLT leading the deal. |
| Ainslie Benzie | Restructuring Partner | Person | Restructuring partner at TLT who commented on the deal's significance. |
| Alastair Lomax | Restructuring Partner | Person | Restructuring partner at TLT involved in the deal. |
| Philip Dakin | Managing Director | Person | Managing Director at Kroll who commented on the success of the transaction. |