Acquisition of Wholebake by Elysian Capital

DATE
July 2021

TRANSACTION TYPE
Private Equity Acquisition

VALUE
Undisclosed

SECTOR
Food & Beverage

Spayne Lindsay is delighted to announce that it has advised Elysian Capital on the acquisition of Wholebake Limited from Bridges Fund Management.

Founded in 1984, Wholebake is the UK’s leading manufacturer of healthy gluten-free snacking products.

Under the Management and leadership of Peter Unsworth (Chairman) and Simon Faithful (CEO), Wholebake has established itself as the premier snack bar co-manufacturing partner to third-party brands, as well as its own brands Brynmor, Nine and Bounce.

Jack Jacovou, Partner at Elysian, commented:

“We have been working with the Spayne Lindsay team for almost a year. Together we have explored the UK snack bar market and their introduction eventually led us to Wholebake. We are delighted to have been able to back management’s buyout of that business, the Spayne Lindsay team’s support and guidance throughout has been invaluable and greatly appreciated. We look forward to working together again to source bolt-on opportunities for Wholebake and beyond”.