Law firm Eversheds has advised Greencore Group Plc on the disposal of its foodservice desserts subsidiary Ministry of Cake. The business has been sold for an upfront cash consideration of £8m and deferred consideration of up to £3m.

The Eversheds team was led by partner Amanda Partland, assisted by Jonathan Pollard and Becky Ashurst (Corporate), Mary Kelly (Commercial), Graham Garvie (Real Estate), David Smith (Tax), Rebecca Kitson (Employment) and Amanda Dodsworth (Share Options).

Amanda Partland commented:

“Eversheds has a market leading food and drink sector and we are extremely pleased to have again advised Greencore on another strategic UK deal."

Eoin Tonge, Managing Director of Greencore Grocery said:

“The Eversheds team, led by Amanda and Jonathan, has again provided us with great service, carefully guiding us through the legal issues and ensuring that the transaction achieved our desired result”.