Corporate Finance Advisors to the Consumer Industries
Oghma Partners is an independent consumer sector dedicated corporate finance advisory firm. Now with a ten-strong team, offering a proven combined track record of over 100 successfully completed deals and award-winning industry research expertise, Oghma Partners is ideally positioned to ensure you meet your corporate goals. Our team includes members with extensive investment banking experienced gained in senior roles at the following banks; Barclays, Citibank, Goldman Sachs, Lehman Brothers, Rabobank and Robert Fleming. We combine the tool kits of the big banks with an old-fashioned focus on the client.
Mark has worked in the financial services industry, specialising in the Food & Beverage Sector for over 30 years. Mark founded Oghma Partners in January 2008 and has successfully built the business over the subsequent period. Mark has worked with many corporates since establishing Oghma Partners successfully giving strategic advice to an array of clients and completing a number of transactions including: the acquisition of Ulrick & Short by Novax AB, the sale of Simply Cook to Nestle, the sale of Givaudan’s Swiss/Polish pectin business, the sale of Givaudan’s Dutch cheese operations, the purchase of Gilsons Bakery form Arytza by Country Style Foods, the purchase of Almondy AB of Sweden by Givesco AS of Denmark , the sale of Taste Trends to Lakeland Dairies, the acquisition of FoodTec by Ornua, the sale of Mary Berry & Daughter Ltd to RH Amar, the sale of McCambridge Cake Ltd to NBGI Private Equity, acting as advisor on the sale of the Minsterley chilled deserts operations of Greencore, the sale of chilled meat free business Dragonfly Foods, acting in a co-advisory role to Greencore on their acquisition of Uniq plc, the purchase of Windyridge Cheese Ltd, the sale of SpringThyme Oils to Kerry Group and raising finance for Revolymer plc. Prior to Oghma Partners Mark has also had a broad range of IPO and transaction experience having worked on the IPO of several businesses including Coca-Cola Beverages, Cantrell & Cochrane and McBride Plc. He has also been involved in a number of Rights Issues and equity placings for clients such as Hillsdown Holdings and Numico amongst others.
Before establishing Oghma Partners in 2008, Mark was a Managing Director at the Investment Bank Goldman Sachs where he was Head of Consumer Coverage incorporating the Food, Beverage, Tobacco, Household, Retail, Media and Luxury Goods sectors.
Mark was a highly ranked equity analyst covering the food, household and tobacco sectors. Previous to Goldman Sachs Mark spent ten years at UBS (as UBS and originally SG Warburg) where he was part of and then led the No.1 Extel rated Food and Tobacco Team. Mark was also the No. 1 Extel rated Household Products Analyst and twice voted amongst the top ten analysts in the City of London across all sectors of the UK stock market. Mark has broad experience with corporate clients having been broker to Unilever, Cadbury, BAT, Hillsdown Holdings, United Biscuits, McBride, J.L. Israel and Albert Fisher amongst others. Previous firms include BZW (now CSFB), Credit Lyonnais and Wedd Durlacher where Mark began his career in the financial services industry.
Mark has a BSc Econ from Brunel University and PgCertArch from Oxford University. Mark lives in Richmond, Surrey. Married with four children, his hobbies include mountain biking, sailing, surfing, skiing and vintage cars.
Tim has worked in the financial services industry for over 30 years. Prior to joining Oghma Partners in 2009, he was Head of Corporate Finance at Glitnir, the Icelandic bank, where his team was focused on the international food and consumer sectors. Tim also spent five years as a Director in Citigroup’s European Investment Bank, where he concentrated on the food ingredients, food manufacturing and beverage sectors, working on a variety of transactions across the spectrum of mergers & acquisitions, equity offerings and bond issues. He also previously worked for HSBC, NatWest Securities and Robert Fleming as an equity research analyst covering the food manufacturing sector.
Tim has worked on a number of high profile M&A transactions including: the acquisition of Bowman Ingredients by Solina (2020), the acquisition of BD Foods by AAK (2019), the acquisition of Essential Cuisine by Solina (2018), the sale of Icelandic Group UK to Hilton Food Group (£84m, 2017), Maabarot’s investment in Algaia and acquisition of Cargill Alginate business (2017), the acquisition of New Ivory Limited by Solina Group (2016), the disposal of DS Smith Plc’s Danish and Swedish packaging subsidiaries to BEWi and Verdane Capital (£24m, 2014), the sale of Softbox Limited to Great Point Partners LLC (US$ 67m, 2014), the sale of Cargill’s Spanish Texturising Business to Mane (2014), the disposal of Cool Logistics to Pelican Inc (£12m, 2014), the disposal of Cargill’s Cultures & Enzymes business to DSM (US$110m, 2012), the disposal of McCambridge’s cake division to NBGI (£23.5m, 2012), the co-advisory role to Greencore on their acquisition of Uniq plc (£120m, 2011), the acquisition of House of Fraser by Baugur (£453m, 2006), the disposal of Typhoo by Premier Foods (£80m, 2005), the acquisition by Tate & Lyle of the Sucralose ingredients business from Johnson & Johnson ($134m, 2004), the acquisition of Unilever’s Mexican edible oils business ($100m, 2004), the acquisition by Electra Europe of Diana Ingredients (€270m, 2004); the sale of Provimi to a CVC/PAI consortium (€800m, 2003), the acquisition of Peroni by SABMiller ($725m, 2003), the sale of Carapelli to B&S Private Equity (€100m, 2002), the sale of Kent Gida to Cadbury Schweppes ($184m, 2002), the sale of Cereol to Bunge (€1.6bn, 2002), the sale of RC International from Cadbury Schweppes to Cott Corporation (£90m, 2001), Tate & Lyle’s divestment of Domino Sugar ($185m, 2001), the acquisition of the van sales business of Northern Foods by Kerry Group (£30m, 2001), the sale of Koipe to SOS Cuetara (€350m, 2001), Cadbury Schweppes’ acquisition of Snapple Beverages Group ($1.45bn, 2000), Greencore’s acquisition of Hazlewood Foods (£258m, 2000), the acquisition of Bestfoods by Unilever ($24.3bn, 2000), Tetley Tea’s management buy-out from Allied Lyons (£196m, 1995) and United Biscuits’ acquisition of Smith’s Australia (£220m, 1994).
He has also been involved in bond issues amongst others for Coca Cola Hellenic Bottling Company ($900m, 2003), Heineken (€1.2bn, 2003) and SABMiller ($2bn, 2003); Tate & Lyle (£200m, 2002), Carlsberg Breweries (€500m, 2002) and Coca-Cola Hellenic Bottling Company (€625m, 2001). He also worked on the Initial Public Offering of Interbrew (€3.3bn, 2000).
Tim gained his BScEcon and PhD from the University of Wales, following which he spent four years as an officer in the Royal Marines. He also has an MSc in Finance from London Business School. Tim is married with five children and lives near Bath.
Before establishing Oghma Partners with Mark Lynch, Tim was an Executive Director at Goldman Sachs (1999 – 2007) where he worked alongside Mark covering the Food and Beverage sector. Prior to this, Tim worked at UBS, Merrill Lynch, Lehman Brothers and Vickers Da Costa. He has significant experience reviewing businesses and offering advice to both investors and corporates and has been involved in many IPO’s and reviewed numerous transactions, plus he has commented widely on company strategies within the Food and Beverage Industry.
Tim has worked with companies including Albert Fisher, Hillsdown Holdings, Cadbury, Coca-Cola Beverages, Unilever and United Biscuits.
Tim is married and lives in Buckinghamshire. His hobbies include cricket, wine appreciation and skiing. Tim is also a Non-Executive Director of a private property company.
Carolyn joined Oghma Partners in April 2010 as Associate Director. Whilst at Oghma Partners she has worked on the following transactions: the acquisition of Ulrick & Short by Novax AB (2021), the sale of Simply Cook to Nestlé (2021), the acquisition of Bowman Ingredients by Solina (2020), the sale of Givaudan’s Swiss/Polish pectin business (2020), the acquisition of BD Foods by AAK (2019), the acquisition of Essential Cuisine by Solina (2018), Maabarot’s investment in Algaia and acquisition of Cargill Alginate business (2017), the acquisition of New Ivory Limited by Solina Group (2016), the sale Taste Trends to Lakeland Dairies (2014), the sale of Cargill’s Texturizing business to Mane (2014), the sale of Mary Berry & Daughter Ltd to RH Amar (2014), the sale of McCambridge Cake Ltd to NBGI Private Equity (2012), the sale of the cultures and enzymes division of Cargill to DSM (2012) and the sale of SpringThyme Oils to Kerry Group (2010). Prior to this, she worked for Virgin Holidays as Head of Strategy and Development and Glitnir (now Islandsbanki) as Associate Director in their Corporate Finance team.
Carolyn’s role as Head of Strategy and Development at Virgin Holidays was primarily to complete the acquisition of Bales Worldwide Ltd on behalf of Virgin Holidays.
Carolyn joined Glitnir as an Associate in the Corporate Finance team in June 2005 and was promoted to Associate Director in April 2006. In this role, she focused on UK mid market transactions, particularly in the food and retail industries. Her completed transactions at Glitnir included: the PTP of House of Fraser by a consortium of investors including Baugur Group (£453m, 2006), the acquisition of Corby Chilled Distribution by Innovate (£28m, 2006), the acquisition by the Icelandic group, Eimskip, of 55% of Innovate (2006); and the purchase of Continental Wood Products, a UK company, by Norvik hf, Iceland’s largest home improvement retailer and supplier to the professional sector of the building industry (2005).
Previously, she was part of the Corporate Finance Team at Rabobank International in London where she covered the UK consumer sector with a focus on Food, Beverages and Agribusiness (2001-2005). Her completed transactions at Rabobank included: the sale of Braes Group Ltd, a UK and Swiss-based Food ingredients company, from 3i Group plc to Natraceutical SA, the listed biotechnology company and subsidiary of Natra SA, the listed Spanish Cocoa, wine and base fine-chemicals group; the purchase by Danish Crown of Flagship Foods; and the sale of BFI, the international animal feed division of Braes Group Ltd to an international supplier of animal feed ingredients based in Europe.
Prior to joining Rabobank, Carolyn worked as an Analyst at Arthur D Little management consultancy firm.
Carolyn, a British/French national, graduated from Queens’ College, Cambridge University (UK) in June 2000 with a BA and Masters of Engineering (Hons) in Manufacturing Engineering.
Caroline joined the expanding Oghma team as an analyst in 2010 and was promoted to associate director in 2015. Caroline has worked on the following transactions whilst at Oghma Partners: the sale of Givaudan’s Dutch grated and processed cheese business (2020), the sale of Icelandic Group UK to Hilton Food Group (2017), the acquisition of FoodTec by IDB (2014), the sale of Cargill’s Texturizing business to Mane (2014), the disposal of Cellplast and Flamingo packaging companies from DS Smith (2014), the sale of Softbox to GPP (2014), the sale of Mary Berry & Daughter Ltd to RH Amar (2014), the sale of the cultures and enzymes division of Cargill to DSM (2012), the sale of McCambridge Cake Ltd to NBGI Private Equity (2012), the sale of chilled meat free business Dragonfly Foods (2012), acting in a co-advisory role to Greencore on their acquisition of Uniq plc (2011) and the purchase of Windyridge Cheese Ltd (2011).
Prior to this, she worked at Glitnir from January 2007 to May 2008 as an analyst in the Corporate Finance team, working on a range of projects focussing on the food industry. She subsequently took on a position at BNP Paribas working directly for the CFO.
She graduated from Durham University in 2006 with a BA in Modern European Languages, focusing on French and German.
Alex joined Oghma Partners in 2014 as an analyst and was promoted to associate in 2017. Whilst at Oghma Partners, Alex has worked on the following transaction: the acquisition of Bowman Ingredients by Solina (2020), the acquisition of BD Foods by AAK (2019), the acquisition of Essential Cuisine by Solina (2018), the sale of Icelandic Group UK to Hilton Food Group (2017).
He graduated from King’s College London in 2013 with First Class Honours in Hispanic Studies and Classical Studies.
Previously he worked at JP Morgan in the UK Financial Institutions Group and UK Industrials, as well as internships with Turcan Connell Asset Management, Henderson Loggie and MacIntyre Hudson Auditing & Corporate Finance.
Alex is bilingual in English and Spanish. His hobbies include music and skiing.
Oliver joined Oghma Partners in 2016 as an analyst. He graduated from Manchester University with a degree in Economics and Finance in 2014.
Oliver has worked on the following transactions whilst at Oghma: the acquisition of Ulrick & Short by Novax AB (2021), the sale of Simply Cook to Nestlé (2021), the sale of Givaudan’s Swiss/Polish pectin business (2020), the acquisition of Essential Cuisine by Solina (2018), Maabarot’s investment in Algaia and acquisition of Cargill Alginate business (2017), the acquisition of New Ivory Limited by Solina Group (2016).
Previously he worked for Amplify Trading.
Katy qualified as a Chartered Accountant at KPMG within the Information, Communication and Entertainment business unit. Since KPMG, Katy held senior financial roles within the media and marketing communications industry working across the direct marketing, sales promotion and TV post-production sectors. She then moved into the world of corporate finance, managing numerous successful sale transactions across the consumer space.