The Private Equity team at Foot Anstey have advised one of the founders of Burts crisps, Jonty White, and his team on two rounds of EIS qualifying equity investment into the start-up venture Portlebay Popcorn.
Partner Matt Stoate led the Foot Anstey team which advised the Devon based food manufacturer to raise the necessary funds to acquire the specialist manufacturing and packaging equipment required for the launch and development of this exciting new brand. Since its creation last year, Portlebay Popcorn has grown into a leading brand in the gourmet popcorn industry and is now stocked by selected Tesco stores as well as numerous independent delis across the country. Its latest new product is Kracklecorn, a hand made, high fibre popcorn.
Jonty added, “Portlebay Popcorn is a premium offering in the popcorn industry and has its sights set high on what it wants to achieve over the coming years. We were delighted to work with Foot Anstey’s specialist private equity team whose aspirations match our own and they delivered fast, pragmatic commercial advice – vital for a high growth start up”
Matt commented, “we’ve been working with Jonty and Portlebay Popcorn since its inception. Our partnership has meant that we’ve been involved with key decisions that have taken the business forward. We enjoy working with dynamic and entrepreneurial talent like Jonty and team and look forward to growing our relationship in the future.”
Foot Anstey’s specialist private equity team advises management teams, investee and portfolio companies, banks and institutional investors on the full life cycle of private equity transactions.
Foot Anstey has advised on equity fundraisings in excess of £150 million so far in 2013.
