We’d like to congratulate IK Investment Partners on their successful investment in Forthglade, the UK-based natural pet food brand.
This is the first investment for the recently established UK firm, acquiring the majority stake from another Palladium client, Piper Private Equity.
Forthglade employs more than 130 people in the UK and sells its products – premium dog food and treats through their own website and Amazon, as well as distributing to supermarkets and independent specialist pet retailers.
For the past three years, sales of Forthglade products have increased by more than 30% each year, with sustained growth seen throughout the lockdown period, driven by their strong brand and commitment to product quality.
The recent investment from IK will help the brand further increase brand awareness and distribution to drive growth in the UK and overseas. Forthglade will also continue to develop their digital and manufacturing capabilities, as well as further expansion in the business’ product range.
We’re delighted to have supported IK Investment Partners on this deal, through the provision of our award-winning digital due diligence. Helping define both digital capabilities and future opportunities for the Forthglade brand.
To learn more about this transaction, or how Palladium can support your next transaction, please contact James Prebble.
Email: james.prebble@palladiumdigital.co.uk or call +44 7468 590643.
Other work in the pet food space
View our recent award-winning work with premium pet food retailer, Pure Pet Food, a Mercia Asset Management PLC portfolio company.
