Mosaic acquires minority stake in SkinnyBrands

Financial details of the transaction remain undisclosed, though Mosaic typically invests £500,000-10m in companies generating profits of more than £500,000.

SkinnyBrands has introduced the former Russia and central Europe CEO of ABI, Mihai Albu, as its CEO and former Kopparberg global sales director Adrian Hirst as chief compliance officer.

Company
Founded in 2015, Manchester-headquartered SkinnyBrands distributes low-calorie alcoholic drinks, including beer, cider, wine and pre-mixed cocktails. The business also sells own-brand products SkinnyBrands Lager, Slimline Wine, SkinnyBrands Margarita and SkinnyBrands Cosmo. Its products are distributed via retail groups Tesco, Asda, Morrisons, Amazon and Ocado, in addition to 1,500 bars, according to a statement.

People
Mosaic Private Equity – Paul Newton, Mike Rogan (directors).
SkinnyBrands – Tom Bell (co-founder).

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