Nottingham-based ‘clean living’ meal company Muscle Food has?scooped 10 million investment from BGF to expand the business globally, beginning with a 2nd base in Europe.
Muscle Foods generated revenues more than 45m during to 31 March 2017 and will be offering a range of products including fresh meat, snacks, ready meals and supplements.
The company, which employs 120 people began by Ceo Darren Beale in 2013 and possesses?attracted a loyal following of fitness enthusiasts, bodybuilders and athletes, ?including celebrities and sportspeople for instance Jamie Lomas and Iwan Thomas.
Muscle Food own-branded foods C predominantly including meats, seafood, eggs and snacks C and ‘Live Clean’ meal boxes have already been brought to over half a million homes across Britain as well as company recently began exporting to Europe.
Earlier this season, Muscle Food began selling its range of products C including Protein Pizza, britain’s fifth largest pizza brand C in Sainsbury’s and launching in Morrisons this month.
BGF has had a minority equity stake inside group.
Beale said: “The Muscle Food team care passionately about producing it more convenient for our tribe of consumers to get their health and well-being goals C this mission is critical in driving the rise on the company.
“The partnership with BGF will help us accelerate our growth and switch all the more customers on to our unique proposition.”
Greg Norman of BGF said: “The Muscle Food team are talented, focused and passionate. They’ve got successfully managed the high-growth experienced in the last a couple of years and are also ambitious about accelerating the rise. We’ve been willing to be supporting the bunch as it continually scale.”
GCA Altium provided corporate finance advice into the management team within the transaction.
Simon Lord, Md at GCA Altium, said: “Muscle Food will continue to expand rapidly since inception to become a really profitable and highly cash generative business which can be relatively unknown in high growth businesses in this way. It operates in a sector who has raised billions in england and US there are been an actual pleasure to experience advised the founders and shareholders on its first external equity investment by BGF.”