Colin Ng & Partners LLP (“CNP”) advised and acted as solicitors for Kalms (an associate of Ellipsiz Ltd) in a 50-50 joint venture (“JV”) with celebrity chef Justin Quek’s JQ Global restaurant consultancy.
The new JV company, Chef & Chefs, will produce premium brands of ready-to-eat meals for sale via vending machines and will become the exclusive distributor of such products. This JV will allow Kalms to have more control over its product range, thus enabling it to reap gains through its direct involvement from production to sale.
Partner, Ken Chia, together with Associate, Joey Ho advised Kalms on the JV.
Commenting on the transaction, Ken Chia said:
“We are delighted to have worked with Kalms and Chef Justin Quek on this joint venture and we believe this JV will bring positive impacts to their respective businesses.”