International law firm Taylor Wessing has advised Alcuin Capital Partners and Krispy Kreme UK on its exit transaction resulting in its US franchisor agreeing to acquire 100% of the company’s share capital.

The deal, which is for an undisclosed amount, brings to an end Alcuin Capital Partner’s ownership of the Krispy Kreme brand in the United Kingdom, which it acquired through a buyout in 2011, and represents a successful realisation of its investment.

Private Equity head, James Goold, and Corporate Finance head, Russell Holden, led the exit transaction. Duncan McDonald, who recently joined Taylor Wessing’s Private Equity team, advised management.

James Goold said: “We’re delighted to have been able to help Alcuin and the other shareholders with this transaction which sees Krispy Kreme UK enter its next phase under consolidated brand ownership. We wish the company all the best for the future.”

Russell Holden commented: “It has been great to have worked with management and Alcuin to see this exit transaction come to a successful fruition. We look forward to watching the brand go from strength to strength under its new ownership.”