Inverleith acquires Planet Organic

Financial details of the transaction remain undisclosed, though the Edinburgh-based GP said in a statement that it had invested "many millions" in the deal. Inverleith primarily invests in UK-headquartered consumer businesses valued at up to €30m.

Planet Organic generated EBITDA of £590,000 in the year ending in August 2017, according to publicly available documents – a 20% year-on-year increase.

The investment is the third transaction made with capital drawn from the firm's maiden fund, which held a €60m final close in September. The vehicle has also backed subscription-based single-cask malt whisky community Scotch Malt Whisky Society and hemp milk producer Braham and Murray Good Hemp.

Under its new owners, Planet Organic will look to expand via the roll-out of new stores across London. Inverleith chief financial officer Stella Morse will take a seat on the company's board following the deal.

Company
Founded in 1995, London-headquartered Planet Organic is a supermarket specialising in the sale of organic food, toiletries and cosmetics. The business operates from seven bricks-and-mortar shops, in addition to having an online store.

According to the aforementioned documents, the company generated a turnover of £30.7m in the year ending in August 2017, up from £28.1m the previous year.

People
Inverleith – Paul Skipworth (managing partner); Ben Thomson (chairperson, partner); Stella Morse (chief financial officer).
Planet Organic – Peter Marsh (CEO).

Advisers
Company – Spayne Lindsay & Co (corporate finance).

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