The corporate team at Penningtons Manches Cooper has advised Midlands-based Hyperama plc on multiple sales relating to its cash and carry depots and foodservice division. Hyperama is one of the UK's leading cash and carry chains with depots based in Nottingham and West Bromwich.
The team working with Hyperama advised on the sale of its cash and carry businesses in Nottingham and West Bromwich to the Dhamecha Group, the sale of its cash and carry business in Peterborough to Holland Bazaar Limited, and the sale of its Tiger Foodservice business to Giro Food Limited.
The team advising Hyperama was led by corporate partner Adam McGiveron, and included support from corporate partner Emma Bryant, real estate associate Lauren Winch, corporate tax partner Kathy Hills and corporate paralegal Kajol Harrar. Financial advice was provided by Darren Hodson and Tom Joy at PFK Smith Cooper.
Marcus Singh, managing director of Hyperama, said: “I am pleased to announce these sales, which have been delivered as part of our strategic review carried out in 2022, allowing the business to continue to play to its strengths and focus on other core areas of the business, as well as improve efficiencies and streamline costs. I’d like to thank Adam, Emma and the wider Penningtons Manches Cooper team on their advice and delivering the best possible outcome for Hyperama.”
Adam McGiveron, corporate partner at Penningtons Manches Cooper, said: “We are delighted to have advised Hyperama across these transactions and look forward to our continued relationship as they continue to focus across other key areas of their business.”