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11th December 2018

The Naked Deli opens city centre outlet at iconic location on Grey Street

Foresight portfolio company, The Naked Deli, has opened a new city centre outlet in Grey Street.

Launched in 2014, The Naked Deli offers a health-conscious and clean-eating experience and provides a range of gluten and dairy-free, vegan and paleo dishes. With a keen focus on locally-sourced foods, The Naked Deli uses high quality meats, responsibly sourced fish, and organic eggs and dairy.

Foresight invested £2.5 million into The Naked Deli in June 2018, providing growth capital to bolster systems and infrastructure and continue the rollout of additional sites around the UK. Foresight also introduced John Upton, ex MD of LEON, who has been appointed Chairman.

4th December 2018

Seneca Partners sells North West based Foodpack

3 years on from saving the business from Administration in a £7.5m deal, Seneca backed Foodpack Limited, the St Helen’s based specialist food manufacturing and packaging business, has been sold to Integrated Packaging Services Ltd (“IPS”).

This is the latest exit from Seneca’s EIS growth capital investment team and delivers a net tax free return of c.3.3x for their investors.

Tim Murphy of Seneca, who was a Director of Foodpack throughout the investment, commented:

Making a success of a business bought out of Administration is notoriously difficult and involves many highs and lows along the way. Bringing Foodpack back from the brink and turning it into a high quality operation has been a great result for our Investors and all stakeholders, not least the 150 colleagues who work in the business but also the wider community of St Helens that benefits from those jobs being secured.  

14th November 2018

Montezumas secures investment from Inverleith

Montezuma’s, a company founded by Helen and Simon Pattinson in 2000, has received investment from Edinburgh-based private equity firm Inverleith LLP. The specialist consumer brands investor has acquired a majority in the Company from the founders.

Montezuma’s has established itself as one of the largest leading independent British manufacturers of premium artisanal chocolate. Montezuma’s manufactures chocolate bars, truffles and gifting products, runs a subscription ‘Chocolate Club’ and has retail stores in the south-east of England and London. Founded by husband and wife team, Helen and Simon Pattinson, with a chocolate shop in Brighton eighteen years ago, the Company has grown into a leading independent player in the premium UK chocolate market.

2nd November 2018

EOS IM boosts Italian SME acquisitions with profitable coffee capsule company

EOS Investment Management (EOS IM), an independent London based AIFM, has acquired Neronobile, a family-founded coffee company that has enjoyed sustained growth in Europe. The transaction sees EOS IM’s Private Equity Fund acquire 67% of the company Neronobile whilst the existing shareholders maintain 33%, thus maximising business continuity.

3rd October 2018

Mercia backed Pubguard appoints Andy Stevens as chairman

In-app ad-verification platform Pubguard has strengthened its leadership team with the appointment of the former president and chief operating officer of SYZYGY as its chairman.

Andy Stevens founded online media planning and buying agency Unique Digital in 2001, which he then sold to SYZYGY in 2010. Andy has a wealth of experience and has previously worked with a number of global blue chip clients, including Avis, Mazda and O2.

11th September 2018

CupClub raises £200k from Henley Business Angels

CupClub, a returnable packaging service for drinks centred on the reduction of single use plastics, has received investment from a Henley Business Angels member, raising a total of £200k from their seed round.

CupClub’s packaging as a service is designed to hold both hot or cold drinks serving initially across offices, universities and closed campuses across cafés and canteens, self-service coffee/tea points and drinks vending. The service uses half the amount of carbon dioxide compared with ceramic or disposable cups (e.g. paper, Styrofoam or compostable).

17th August 2018

Inverleith makes further investment in Good Hemp

Edinburgh based private equity fund, Inverleith LLP, has invested further into Braham and Murray Good Hemp, a plant based food and drink brand which manufactures products from hemp seed.

Inverleith LLP invests into consumer brand companies within the health & wellbeing, lifestyle and heritage sectors. It specialises in internationalising and commercialising brands, helping them to realise their full potential. Its Partners are ex Chairman and Chief Executive of Noble Group, Ben Thomson and ex Chief Executive of The Glenmorangie Company and Partner L Capital (LVMH), Paul Skipworth.

9th August 2018

Farmstand raises $3 million led by Kindred Capital

Profit with purpose food company Farmstand has raised $3 million, led by Kindred Capital.  The funding will support the compnay in its mission to make a healthier plant-powered diet accessible to all.

6th August 2018

The Naked Deli’s world-first airport outlet at Newcastle

Foresight portfolio company, The Naked Deli, has opened its world-first airport outlet at Newcastle International Airport.

3rd August 2018

Oddbox kickstarts wonky veg revolution with £520k fund raise

Oddbox, London’s biggest independent wonky fruit and veg box scheme, reached its crowdfunding target in record time to enable it to expand its unique service to even more customers. It initially hoped to raise £350,000 but investors saw the huge potential offered by the business and it over-funded to a tune of £520,000.

2nd August 2018

Beauhurst: Craft beer investment – funding Britain’s hop-heads

Beauhurst has published its analysis on the craft beer sector in the UK.

26th July 2018

£10m BGF investment for Mission Mars

Mission Mars, the North West operator behind hospitality concepts including Albert’s Schloss and Rudy’s Neapolitan Pizza, has received £10m from BGF to continue with its ambitious growth plans.

The North West BGF team has invested nearly £70m since late 2017. This includes new investments such as digital mapping company Gaist and brake manufacturer, EBS as well as additional funding for portfolio companies High Access, NWC Group and Kids Planet. This year, BGF became the first and only investor to be honoured for Innovation in the Queen’s Award for Enterprise.

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