Global law firm Ashurst is advising Kitwave Group plc on its recommended cash takeover by Kite UK Bidco Limited, a newly-incorporated company indirectly wholly-owned by funds managed or advised by OEP Capital Advisors, announced on 22nd January 2026. The offer price of 295 pence per share values Kitwave's entire issued and to be issued ordinary share capital at approximately £251 million.
Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to approximately 46,000, mainly independent, customers. OEP is a middle market private equity firm focused on the industrial, healthcare, and technology sectors. OEP has completed over 400 transactions and seeks to build market-leading companies by identifying and executing transformative business combinations.
The Ashurst team is led by partner Harry Thimont supported by senior associates Maria McAlister and Millie Gibbs, associates Patrick Chambers and Charlie Devonshire, and trainee solicitor Tara Khanna. Incentives advice is being provided by counsel John Papadakis and associate Ismail Afzal.
