Beringea exits Tossed

Beringea's funds, ProVen VCT and ProVen Growth & Income VCT, made a good return on the three-year investment in Tossed, the GP said in a statement. The buying management team, including founder Vincent McKevitt and finance director Neil Sebba, foresee further rapid growth for the business.

Previous funding
Beringea bought Tossed for £1.5m in April 2010. Since then, the company has opened six further stores, effectively doubling in size.

Company
Tossed is a chain of healthy eateries, offering nutritionally balanced, ethically sourced food including smoothies, hot pots and its signature tossed-to-order salads. Its flagship store at Westfield London opened in October 2008 and will be followed by a new Houndsditch location shortly. The company was founded in London in 2005.

People
Beringea's investment director Karen McCormick led the deal.

Advisers
Vendor – Osbourne Clarke (Legal).
Acquirer – Harbottle & Lewis (Legal).
Company – Camerons (Legal).

 

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• Beringea Limited
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