Mindful Chef Ltd has sold a minority stake to Piper Private Equity
January 2019 — The shareholders of Mindful Chef Ltd have sold a minority stake in the company to Piper Private Equity for US$6.4 million.
Mindful Chef is a health-focused subscription recipe box delivery company. Founded by childhood school friends Rob Grieg-Gran, Giles Humphries and Myles Hopper, Mindful Chef looks to make healthy eating easy. Since its launch in 2015, it has experienced rapid growth – including a 178% rise in sales in the past year – delivering nearly two million meals to UK consumers. Based in London, the brand has annual sales of US$12.8 million and employs 27 people.
Piper Private Equity is a specialist private equity firm focused on investments in consumer brands with strong growth potential. Working in partnership with management teams, their goal is to build well-run, industry-leading companies with superior operating results and attractive growth prospects.
Our role in the transaction
Oaklins Cavendish, based in the UK, advised the shareholders of Mindful Chef.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreKPS Food Group has joined ForFarmers Polska, a joint venture controlled by ForFarmers N.V.
ForFarmers N.V. has strengthened its position in Poland’s growing poultry market through the establishment of a joint venture with KPS Food Group, a leading poultry producer with operations spanning farming, slaughtering and food processing. ForFarmers’ existing Polish joint venture, Tasomix, and KPS’s operations have been combined to form ForFarmers Polska, which has an enterprise value of approximately US$585 million. ForFarmers holds a controlling 50.5% stake and will fully consolidate the joint venture. The founders of KPS and Tasomix remain minority shareholders.
Learn moreTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Learn more