Arrowpoint Advisory's Consumer team has advised the shareholders of Bread Limited on the sale of a stake in the business to mid-market private equity investor Risk Capital Partners.
Established in 1992, North London-based Bread is the leading artisan baker in the UK. Through its subsidiary The Bread Factory, it supplies a broad range of award winning handmade breads, viennoisserie and cakes to restaurants, hotels and contract caterers. The Group also includes GAIL's, the fast growing and critically acclaimed retail bakery and cafe, which has eight bakeries in London. GAIL's bread is also available through Waitrose, Harvey Nichols and Ocado the online grocer.
Tom Molnar, Chief Executive of Bread said: “I am delighted to be teaming up with Risk Capital Partners. We have been developing our business, and are ready to take it to the next phase of growth. We believe demand for artisan bread is increasing, as discerning customers prefer it to the highly processed, industrial bread supplied by the plant bakers.”
Michael Simmonds, Partner at Risk added: “Simon and his team represented a broad set of shareholders and worked tirelessly and objectively to help complete the deal. Their experience and creativity were put to the test and they delivered.”
Simon Cope-Thompson, Managing Director at Arrowpoint Advisory commented: “Given their track record of working with fast growing food services businesses, from Seafood Holdings to Patisserie Valerie, we believe that Risk will be an excellent partner for the company and its management team as they look to accelerate the growth of both parts of the business.”