THI Investments (GB) acquired Impact Food Group (GB), a provider of healthy meals to schools and other educational institutions, on August 4, 2023.
| Acquirer | THI Investments (GB) |
|---|---|
| Target | Impact Food Group (GB) |
| Deal Value | Undisclosed |
| Type | Acquisition |
| Close Date | August 4, 2023 |
| Announcement Date | July 25, 2023 |
| Buy-side Advisor(s) | Clearwater International |
| Sell-side Advisor(s) | Not disclosed |
| Legal (Buy-side) | Not disclosed |
| Legal (Sell-side) | Not disclosed |
The acquisition aims to provide healthier food options for children and improve educational outcomes. THI Investments plans to support Impact Food Group with additional funding and resources to further its mission.
Deal Mechanics
THI Investments, a private equity firm based in the UK, has completed the acquisition of Impact Food Group from Bridges Fund Management. The deal closed on August 4th and was announced on July 25th. THI acted as buyer with Clearwater International providing buy-side advisory services.
Strategic Rationale
The rationale for this transaction is to enhance the nutritional quality of meals served in educational settings. By acquiring Impact Food Group, THI Investments aims to leverage its investment expertise and financial resources to scale up the target's operations while maintaining a commitment to healthy eating habits among young people.
Financial Context
No financial details were disclosed regarding the transaction value or financing structure. However, it is expected that THI will continue to support Impact Food Group financially in order to expand its reach and services within the school meal market.
Outlook
Following this acquisition, THI Investments envisions a sustainable growth path for Impact Food Group, positioning the company as a leading provider of nutritious meals tailored towards educational institutions across the UK. This move underscores THI’s ongoing commitment to social impact investing and healthy lifestyle initiatives.