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UK - Risk Capital Partners hooks up with Seafood Holdings

  • Sarah Molly Young
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Luke Johnsonт€™s private equity fund, Risk Capital Partners, has purchased a substantial minority equity stake in Seafood Holdings т€“ a leading independent fresh fish and seafood distributor to the catering trade. The deal values the company in excess of ТЃ12m. The investment is largely a cash subscription for new shares to fund an acquisition programme by the company. Seafood Holdings is projected to have sales of ТЃ50m by 2007.

The firm is headed by Toby Baxendale, a food wholesale entrepreneur and LSE graduate, who founded the original entity in 1992 and has grown the business from scratch. It has expanded rapidly in recent years through organic growth and acquisition, and now offers a national wholesale service to the trade. The company specialises in all UK caught, wild, farmed and exotic species of fish, and has benefited from the increasing popularity of fish among diners as a healthy source of protein.
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