Four Anjels, an award-winning artisan bakery based in Cheltenham, has been acquired by Olidor Group in a deal advised on by HCR Law’s Midlands Corporate team.

Founded in 2010 with five staff, an oven and a mixing bowl, Four Anjels’ customers now include Marks & Spencer, Pret A Manger, LEON and Black Sheep Coffee.

The deal sees the Olidor Group acquire a 51% stake in Four Anjels for an undisclosed sum.

Co-founder and Managing Director, Andrea Stevens will remain in the business, along with Technical and Operations Director, Julie Painting. Co-founder Dr Barry Cronin has exited the business as part of the transaction.

HCR Law Partner and Head of the Midlands Corporate Team, Alison Scott led the team advising the shareholders of Four Anjels, supported by Ashley Taylor, Saniya Iftikhar, Hyein Ma, and Zara Shah from HCR’s Employment and Immigration team.

Alison Scott commented: “This is an excellent transaction for all parties involved. We’re delighted to have been able to advise the shareholders of Four Anjels and get this deal over the line.”

Andrea Stevens said of the deal: “We would like to thank Alison, Ashley and the team at HCR Law for their unwavering support during this transaction. Their sound advice, expertise, support, and commercial approach secured the best outcome for us and has been invaluable throughout the process.”

HCR Law’s expertise in mergers and acquisitions (M&A) continues to be recognised at both regional and national levels. In Experian’s latest UK M&A report, HCR Law retained its top ranking nationwide, cementing its position as the leading legal advisor for M&A transactions.