Private Equity Acquisition
Food & Beverage
Spayne Lindsay & Co. advises IK Investement Partners on the acquisition of Forthglade Foods Holdings Limited
Spayne Lindsay is delighted to announce that it has advised IK Investment Partners on the acquisition of Forthglade Foods Holdings Limited.
Established in 1971, Forthglade is a fast-growing UK based natural pet food brand, producing premium wet and dry dog food and treats. The Company distributes across supermarkets, independent specialist pet retailers and online retailers including its own website. Forthglade has been led by Gerard Lovell and Chris Brooking since their management buyout in 2011 and subsequent investment by Piper Private Equity in 2015. IK will acquire a majority stake in Forthglade, with the management team reinvesting alongside.
Tom Salmon, Partner at IK commented:
“Forthglade is an excellent business and a great fit for our investment strategy. We have been very impressed with the achievements of Gerard, Chris and the rest of team in growing the business in recent years, and we are delighted to be backing them in the first investment made by IK’s new UK investment team. The market for natural pet food in the UK is particularly strong and resilient, and we see significant further growth potential for Forthglade in the UK and beyond in the years to come. With our strong track record in supporting growing food production and animal health companies, we look forward to similar success with Forthglade.”