Two firms advised on the sale of Yumi’s Quality Foods to George Weston Foods
Herbert Smith Freehills (HSF) advised George Weston, which agreed to buy the snacks and dips maker. Thomson Geer advised the vendor Anacacia Capital, which exited the investment it made in 2014.
Jeremy Samuel, Anacacia managing director, said that Yumi’s is a “classic” investment for his firm. Though financial details of the deal were not disclosed, Thomson Geer said that Anacacia typically buys or invests in SMEs with annual revenue of $20m to $250m.
Founded in 1990 by two brothers, Yumi’s makes non-dairy, gluten-free dips, snacks, and smoked fish. It is known for its hummus, of which it makes 100 tonnes a week.
Partner Dan Kramer led the Thomson Geer team. He was supported by special counsel Lucinda Girdlestone.