Private equity investors Equistone has completed the refinancing of hospitality caterer CH&Co.
CH&Co, which employs nearly 6,500 people, provide catering services for some of the UK’s leading companies, charities and organisations, as well as holding a Royal Warrant for the provision of catering services to HM Queen since 2013.
Having grown both organically and acquisitively over the past eight years, CH&Co generated revenues of £286m in 2018.
A statement from CH&Co said: “We can confirm that CH&CO has now completed a refinancing deal with Equistone Partners Europe, which has replaced MML Capital Partners as our minority equity partner. CH&CO continues to be a majority management-owned company and it is very much business as usual with a focus on meeting and exceeding the needs of our clients and developing our team. CH&CO is looking forward to this next stage in our growth as we work with Equistone in the coming years.”
Bill Toner, CEO, CH&Co added: “We’ve worked closely with Simon and the team at Mishcon de Reya for a number of years and their advice has been invaluable in helping us work through complex deals.”