Inverleith acquires Montezuma's

Financial details of the transaction remain undisclosed, though Inverleith primarily invests in UK-headquartered consumer businesses valued at up to €30m.

The investment is the fourth 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, hemp milk producer Braham and Murray Good Hemp, and supermarket Planet Organic.

Under its new owners, Montezuma's will look to expand its distribution network, both in the UK and internationally. Following the deal, the company's founders, Helen and Simon Pattinson, will retain minority stakes and take on the roles of ambassadors and directors.

Company
Founded in 2000 and headquartered in Birdham, West Sussex, Montezuma's is a manufacturer of artisanal chocolate. The business has own-brand retail stores across London and the south-east of England.

Unquote understands that the business generates a turnover of around £8m.

People
Inverleith – Paul Skipworth (managing partner); Michael Atkinson (operating and brand director).
Montezuma's – Helen Pattinson, Simon Pattinson (co-founders).

Advisers
Equity – Alantra, Charles Lanceley (corporate finance).

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• United Kingdom
• Alantra