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Little Dish, the UK leader in healthy, nutritious food for toddlers, has secured a growth equity investment from Profile Capital Management LLC.
Co-founded by Hillary Graves in 2006, the business is now run jointly with her CEO husband Dean Brown, both of whom retain a significant stake in the Group. They commented that the partnership with Profile will further accelerate UK growth and fund market entry to the US.
The health-focused food brand sells nationally within the major multiple retailers and is growing at 40 per cent year-on-year.
Profile Capital is a Chicago-based family office focused on partnering with entrepreneurs and executives to accelerate the long-term growth of mid-market enterprises with differentiated business models, sustainable competitive advantages, and demonstrated management capability.
Joelson’s private equity lawyers advised Little Dish on the deal valued at £17m ($21.5m).
Paul Chiappe, Lead Transaction Partner within Joelson’s highly ranked Corporate team, has worked with Little Dish from the outset.
He said: “The team at Joelson have watched Little Dish grow from strength to strength and were delighted to play a part in this transformative transaction. The business now has a fantastic platform to break into a US market that is primed to receive this food category.”
Hillary Graves, Founder, added: “Joelson have expertly guided the business over the years. Paul and his team delivered a very complex transaction with calm, ruthless efficiency, we could not have been in better hands.”