Clipper Teas sold by the firm to Fleming Family & Partners

Clipper Teas specialises in premium organic and fairly traded teas, coffees and herbal infusions.  Since its formation in 1984, Clipper has become a leading supplier with a strong contemporary brand focused on young, health-conscious, environmentally and ethically aware consumers. 

Tim Moore, Corporate Finance Director at Smith & Williamson, commented: "The transaction demonstrated that strong brands, despite the current economic environment, continue to attract considerable interest from international trade and private equity buyers. The majority of the first round offers for Clipper Teas came from international buyers. 

It builds upon Smith & Williamson's expertise in selling branded, owner-managed, consumer sector companies such as Tommee Tippee, the bottle teats and soothers business, Delamore, the garden nursery business, and Artigiano, the ladies' fashion mail order business." 

Michael Brehme, former Managing Director of Clipper, commented: "Tim Moore, Steve Dilley and the team at Smith & Williamson did a terrific job for us from start to finish and I will certainly be working with Smith & Williamson again in the future". 

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Note to editors

Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Bristol, Dublin, Glasgow, Guildford, Maidstone, Salisbury, Southampton and Worcester. 

Smith & Williamson Limited

Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms. 

Smith & Williamson Corporate Finance Limited

A member of M&A International Inc. Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange.