The offer from Minerva Bidco Limited (an affiliate of Sun Capital) of 21p per share values the fully diluted equity of Jacques Vert plc at £41.2m. The offer is at a premium of approximately 68% to the closing price of 12.5p on 16 December 2011, the last business day prior to the announcement.

Canaccord Genuity acted as financial and Rule 3 advisor to Jacques Vert plc.