Southampton’s Trethowans supports sale of Jimmy’s Iced Coffee

By Tom Kilkelly

3 August 2023

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The corporate team of Southampton-based law firm Trethowans supported beverage company Jimmy’s Iced Coffee Limited in its sale to UK drink manufacturers Britvic.

Dorset business Jimmy’s Iced Coffee is one of the UK's fastest growing ‘ready to drink’ iced coffee brands and this transaction only further reinforces the company's expansion.

The Trethowans team was led by partners Nick Gent and Lucy Gleisner. Nick said: “It has been a real privilege to have worked alongside the team from Piper Sandler in supporting Jim, Suzie and fellow shareholders in the sale of Jimmy’s to Britvic.

''It’s a wonderful success story and marks the next chapter in the continued success and development of a much-loved brand. A lot of midnight oil was burnt in getting the legals finalised in such a short timescale, but it was the collaborative mindset of everyone involved that really shone through.”

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Legal documents for the transaction were exchanged within a week of acceptance of the offer from Britvic. Piper Sandler’s European Consumer team, led by Rob Iseman and Alastair Mathieson, were lead advisors to Jimmy's shareholders, with external legal advice provided by Trethowans.

Addleshaw Goddard provided legal advice for Britvic.

Jim Cregan, co-founder of Jimmy’s, said: “We are all so excited and proud to have done a deal with such an iconic and powerful business like Britvic, who will enable us to reach more great fridges across the UK and beyond.

''To have completed the transaction in such a phenomenally short time scale is only possible when you’ve got an incredible team around you and Trethowans have been a monumental cog in this machine. Thank you to the whole team!”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.