Price Bailey support the successful sale of Minster Fine Foods Limited by its shareholders
Led by Ellyot Doyle to Kiril Mischeff Limited in November 2025
Minster Fine Foods, based out of Lincolnshire, was incorporated in March 2007 and specialises in importing and distributing delicatessen meat products from across Europe, including Italian, Spanish, and German charcuterie. Their range also features items such as pâtés and pizza toppings. The Company serves a broad customer base, including multiple retailers, wholesalers, food service providers, and industrial sectors, with a strong focus on quality standards, product innovation, and sustainability.
Minster appointed a broker who identified a potential buyer, but was unable to advise on the offer. Given the relationship with Price Bailey, Ellyot turned to his relationship partner, Rob Burborough, who introduced the Corporate Finance team.
Price Bailey acted as lead advisers for the sale process and the Corporate Finance team was led by Simon Blake, supported by Nathan Young, Josh Wilson & Thomas Stewart, with legal advisory provided by Andrew Heeler and Shanya Dasanayake of Hegarty LLP, all of whom worked closely in a coordinated effort in achieving a successful outcome.
As we are seeing across transactions, the level of due diligence was in-depth and needed support from us to manage expectations and deliverables.
As is common with owner-managed businesses, the transaction was successfully completed with the buyer proceeding on part cash, part deferred payment terms, which influenced valuation but allowed the deal to close on mutually acceptable conditions.
In short, Project Persephone is a strategically significant transaction for Minster Fine Foods, combining strong growth prospects with complex legal and financial considerations.
The process of selling the business was much more challenging than I had expected, with a greater demand on mine and the team’s time than first thought. Working with Price Bailey made a difficult process much more straight forward. Their team provided clear guidance, strategic insight, and unwavering support throughout the process. They understood our goals from the outset and worked tirelessly to achieve the best possible outcome. I felt confident and well-advised every step of the way, and I would highly recommend Price Bailey to any business owner considering a sale.
Ellyot Doyle, Former Director & Shareholder of Minster Fine Foods
We’re delighted to welcome our latest acquisition, Minster Fine Foods, on board. The business offers a vast range of food products for retail, manufacturing and foodservice, with an emphasis on continental deli meats, and we believe the team and their high standards will compliment and align with the work we do at Kiril Mischeff. We look forward to collaborating with the team and driving future success together.
Dimiter Mirchev, Group Managing Director of Kiril Mischeff
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.
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