Lees Foods faces potential MBO

摘要

Scottish confectionery manufacturer Lees Foods looks set to be acquired by a new company in a £5.6m management buy-out. Under the proposal for the purchase of the Coatbridge-based firm, five of Lees Foods' directors, led by chief executive Clive Miquel, would acquire Lees under a new company, Randotte, which was registered at Companies House in February this year, specifically for the purposes of the acquisition. Shore Capital has been acting as an independent financial adviser to the board.