BGF injects £10m into DB Food

The fresh capital will be directed exclusively towards DB's Nottingham-based Muscle Food division, which processes and distributes high protein food including lean meats, seafood, eggs, meal boxes and energy snacks.

Following the transaction, Muscle Food will open a second base in continental Europe and invest in its online platform.

Company
Founded in 1991 and headquartered in Poole, Dorset, DB Food processes and sells red meat, poultry, game and deli meats. Its clients primarily comprise highstreet and catering butchers, as well as restaurant chains like Gourmet Burger Kitchen and Wagamama. The business has additional distribution centres in Banbury, Plymouth and Kent. It has a headcount of 300 and generated revenues of £140m, according to a statement.

Muscle Foods itself was founded in 2013 and generated sales of £45m in the year ending in March 2017, up from £14m in 2015. Its products are targeted towards fitness enthusiasts, bodybuilders and athletes. Muscle Foods has a headcount of 120.

People
BGF – Greg Norman, Jack Teasdale; Edwin Davies (investors); James Austin (investment director).
DB Food Group – Darren Beale (Muscle Food CEO).

Advisers
Equity – Osborne Clarke, Robert Wood, Vicky Dudding (legal); Crowe Clarke Whitehill, Jane Mackay, Bob Alsop (tax).
Company – GCA Altium, Simon Lord, Andy Battersby (corporate finance); Pinsent Masons, Keiran Toal, Tim Fearn, Anna Mee (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• BGF (Business Growth Fund)
• Osborne Clarke
• GCA Altium
• Pinsent Masons