Scheme document published for the £251 million Recommended Cash Acquisition of Kitwave Group by OEP Capital Advisors
February 2026
Kitwave Group plc is an LSE AIM listed delivered wholesale business with over 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 46,000, mainly independent, customers. Currently, the Group sells a broad portfolio of over 44,000 Ambient, Frozen & Chilled and Foodservice products.
The diverse customer base includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.
One Equity Partners is a private equity firm with over $10 billion in assets under management which primarily deals with the industrial, healthcare and technology sectors in North America and Europe. One Equity Partners was the merchant banking arm of JPMorgan Chase, focused on leveraged buyout and growth capital investments in middle-market companies.
Formed by Bank One in 2001, the group has offices in New York City, Chicago, São Paulo, Vienna, Hong Kong and Frankfurt.
On 22nd January 2026, the boards of directors of Kitwave and BidCo a newly-incorporated private limited company indirectly wholly-owned by funds managed or advised by OEP Capital Advisors announced that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of Kitwave to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.
Publication of the Scheme Document
The Perivan shareholder communications team was delighted to work with Canaccord Genuity who acted as Financial Adviser, Rule 3 Adviser, Nominated Adviser and Sole Broker and Ashurst who acted as legal adviser to Kitwave on the Scheme and associated documents, which were successfully published and posted to qualifying shareholders on 5th February 2026.
For more information, click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.