Investment bank Altium has advised Enterprise Foods in securing investment from London-based private equity investor Hattington Capital, along with funding support from Clydesdale and Yorkshire Bank.
Enterprise Foods is a UK technology enabled supplier of a wide range of craft bakery and other food products.
Enterprise has pioneered a supply chain management system offering customers the ease of a single point of purchase for its entire local craft bakery and other food product needs on a national scale.
The company’s national supplier coverage enables it to provide over 35,000 product lines, supplied to its customers by more than 400 accredited supply partners.
This deal follows the management buyout led by Tony Moloney, CEO of Enterprise Foods, seven years ago.
The Manchester team at Altium, comprising managing director Simon Lord, director Chris Hopwood and associate Mark Smith, advised shareholders of Enterprise Foods.
“Hattington Capital has strong expertise in the retail sector, which will help put the company in touch with a greater number of customers across the UK,” said Simon Lord. “We were delighted to work with Tony Moloney and the management team to find a strategic fit for the business, which will support them in leading the company through its next phase of growth.”
Source: Enterprise Foods
© FoodBev Media Ltd 2024