BLP advises on £19.8m takeover of Glisten

Berwin Leighton Paisner LLP (BLP) recently advised Finnish plant-based food specialist company Raisio on the takeover of AIM-listed Glisten.

A new company was formed specifically for the acquisition, to be jointly owned by Raisio and the Glisten management team. The acquisition values the existing issued ordinary share capital of Glisten, which manufactures cereal, fruit snack bars and health bars, at about £19.8m. The offer is subject to approval by Glisten stakeholders.

Corporate finance partner Murdoch Currie led the deal, assisted by Associate Sarah Bellilchi.

Commenting on the deal, Murdoch said, “The UK has a highly developed health and nutrition snack sector. The acquisition of Glisten provides Raisio with an excellent entry point into the market and we are delighted to support the group’s move towards international expansion.”

Glisten were advised by Eversheds.

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