Food Strategy Associates provide Commercial Vendor Due Diligence support to Bridges Fund Management in the sale of Vegetarian Express Ltd to NVM Private Equity

London (27th February 2024) – We are pleased to have provided Sell-side Due Diligence support to Bridges Fund Management in the sale of Vegetarian Express Ltd. We congratulate Bridges and the Vegetarian Express team on this sale to NVM and wish them continued success.

Vegetarian Express is a leading specialist supplier of high-quality, plant-based ingredients and niche world foods to premium foodservice outlets, with >35 years’ experience in the space. With operations in Watford, Vegetarian Express is well-positioned to meet the increasing demand for high-quality plant-based options. Committed to quality and innovation, the company continues to make waves in the market, offering a diverse and delicious range of vegetarian and vegan alternatives.

NVM is a UK private equity investment firm, founded in 1984 and focussed on investing in businesses across the UK regions, with previous food & drink investments including Crantock Bakery and snack manufacturer It’s All Good.

David Webster, Managing Director at Vegetarian Express: “FSA’s knowledge of our industry is exceptional and they very quickly got what we are about as a brand and management team. The whole team at FSA were incredibly personable and easy to deal with and they delivered exceptional results, on-time, seemingly effortlessly. Without doubt one of the best external consultants we have worked with –  I wouldn’t hesitate to recommend them.”

Daniel Knight, Investment Director at Bridges: “It has been a pleasure working with the entire FSA team and we are really pleased with how they assessed and articulated Vegetarian Express’ commercial opportunity. We look forward to working with them in the future.”

Notes to Editors

Food Strategy Associates is a leading European strategy consultancy focused exclusively on the food and beverage industry. Founded in 2012 by two former food industry executives, we combine the first-hand knowledge of highly experienced industry executives with strategy consultants, to deliver a unique and unrivalled proposition to our clients.

This transaction further cements our position as the No. 1 provider of due diligence on UK food sector transactions and follows on from our previous work in foodservice including buy-side support to Flywheel in the acquisition of Freshcut Foods and several strategy projects in this space.

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