BGF ups investment in Boost Juice Bars to £4.9m

BGF originally invested £2.5m for a minority stake in Boost Juice Bars in December 2012. The investor provided follow-on funding to the company in 2014, bringing its total investment at the time in TD4 to £3.9m. The investment was earmarked for the roll-out of new stores, with a particular focus on expanding the company's Scottish footprint. BGF was a minority investor in the business at the time, with Boost co-founders Richard O'Sullivan and Dawn O'Sullivan retaining their existing shareholdings.

TD4, the holding behind Boost Juice Bars, introduced a new brand at the end of 2015, Shake Lab. Part of the most recent funding will be dedicated to growing that side of the business, with seven additional sites expected to open throughout 2016.

Company
Established in 2007 and headquartered in Cheshire, Boost Juice Bars sells juices and smoothies in shopping malls and on high streets. The chain increased its number of outlets from 10 to 32 over the course of BGF's investment.

Shake Lab, launched at the end of 2015 in Manchester, focuses on milkshakes.

Overall, TD4 employs 400 people and expects to see sales totalling £13m this year, up from £5m when BGF first invested in the business.

People
BGF – Neil Inskip (investor).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• BGF (Business Growth Fund)
• United Kingdom