OC&C advises IK Investment Partners on their majority investment in ForthgladeWednesday 16 September 2020 | News
We are pleased to congratulate IK Investment Partners on their successful investment in Forthglade, acquiring a majority stake from Piper Private Equity. This is the first investment by the newly established UK team.
Forthglade is a fast-growing UK-based natural pet food brand, producing premium wet and dry dog food and treats. The company employs over 130 people in the UK and distributes across supermarkets, independent specialist pet retailers and online retailers including its own website.
Forthglade has grown branded sales by over 30% per annum in the last three years and has seen sales accelerate ahead of plan throughout the lockdown period. With IK’s investment, Forthglade plans to increase brand awareness and distribution to drive growth in the UK and overseas. IK will also support Forthglade’s ongoing digital development, as well as further expansion in the business’ product range and growth in its manufacturing capabilities.
We are delighted to have supported IK on this transaction through providing commercial due diligence. We bring deep experience in the pets sector – working with both investors and corporate clients across all parts of the value chain (pet food and products, specialist pet retail, vet services) across Europe, the US and Asia.
For more details on this transaction or OC&C's broader experience in this space, please contact Tom Gladstone or Deidre Sorensen.