LDC in £12m Vital Ingredient deal

The fresh funding will be used to support the company's roll-out in London and throughout the UK, aiming to double the company's retail outlets to 35 within three years.

The deal saw private investor Paul Oberschneider exit his stake in the business while Graham Turner, former CEO of restaurant group Tragus, has joined Vital Ingredient's board as non-executive chair.

Company
Founded 15 years ago in London, Vital Ingredient operates 17 stores in the capital, offering healthy food on the go. The company also operates an online delivery service and a click-and-collect offering.

Vital Ingredient employs 200 people and generates £12m in revenues.

People
Vital Ingredient – Alex Heynes (founder); Paolo Peretti (managing director); John Moulton (finance director).
LDC – Simon Hemley, Alistair Pendleton, Peter Latham (investment directors).

Advisers
Equity – Isca Ventures (corporate finance); Burges Salmon (legal); PwC (financial due diligence); Javelin (commercial due diligence); TLT (legal).
Vendor – Altium (M&A); Charles Russel Speechlys (legal).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• LDC
• Santander
• United Kingdom