OEP Capital Advisors via Kite UK Bidco Limited (“BidCo”) agrees cash acquisition of Kitwave Group Plc (“Kitwave”)

On 22 January 2026, the boards of Kitwave and BidCo announced that they had reached an agreement on the terms of a recommended cash acquisition pursuant to which BidCo will acquire the entire issued and to be issued share capital of Kitwave for an offer price of 295 pence per Kitwave Share.

Kitwave and BidCo are pleased to announce that, at the Sanction Hearing held on 10 March 2026, the High Court of Justice in England and Wales has sanctioned the Scheme under Part 26 of the Companies Act 2006, to which BidCo will acquire the entire issued and to be issued share capital of Kitwave for an offer price of 295 pence per Kitwave Share.

Kitwave’s shares were cancelled from the AIM market as of today.

Ben Maxted, Chief Executive Officer of Kitwave, commented:

“Since becoming a public company in 2021, Kitwave has rapidly transformed from a regional foodservice operator into an enlarged UK-wide delivered wholesale business. OEP has an excellent track record of helping businesses like Kitwave to significantly scale, and the Board believes that becoming a private company will provide greater financial flexibility to achieve its ambitions. We are excited by the prospect of working with OEP on the next chapter of our growth.”