Wed, 01 Nov 2017 | BUSINESS SALE
The owners of healthy eating specialist Planet Organic are considering a sale of its business and have engaged advisors to help shape a potential deal.
According to reports in the Daily Telegraph, the chain has appointed independent corporate finance firm Spayne Lindsay to gauge buyer interest in a deal that could be worth £50 million.
The news follows other big-ticket deals for health food companies, including the £1.7 billion sale of Holland & Barrett to L1 Retail and Amazon’s £10.7 billion acquisition of organic retailer Whole Foods.
Planet Organic is believed to be attracting interest from both Japanese trade buyers and private equity, though management may still consider selling only a stake in the company.
The healthy eating chain, which has retail locations around in Wandsworth, Islington and elsewhere around London, was founded in 1991 by Boston native Renée Elliott who wanted to bring US-style health food stores to the UK.
Though kicked off with seed funding from family connections, Planet Organic has since attracted investment from former Marks & Spencer director Alan Smith, ex-Space NK boss David Krantz and Colin Fenn, one of the founders of womenswear firm Fenn Wright Manson.
The organic food chain is on track to make some £35 million in sales this year, with around 30 per cent of that figure derived from selling freshly squeezed juices and the rest from groceries, such as its signature spelt pizza bases.
According to Elliott, around 60 per cent of Planet Organic’s customers are under the age of 40, which she attributes to millennials’ interest in the clean eating trend.
She had previously commented that the “clean eating trend is just healthy eating rebadged”.
Find a business for sale
Subscribe to Business Sale Report
Specialises in the provision of a range of premium pastries, hot and cold snacks, speciality cakes and freshly baked breads for major supermarkets and local businesses across the North East. Highly skilled and experienced workforce whose professional...
LEASEHOLD
The business has been operated by the current vendors for over 25 years and this is the first time the site has been advertised on the open market for over 100 years. The business has built up an enviable reputation throughout the area for quality an...
FREEHOLD
Well-established and very popular MOT station and vehicle repair business Staffordshire. The business was established by our client in 2005 and is only now being offered to the market due to our clients’ desire for change of direction and to concentr...
FREEHOLD
|
15
|
|
Aug
|
Payroll and HR companies acquired by software group | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to...
|
14
|
|
Aug
|
NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE
Engineering and services group NG Bailey’s strategic a...
|
13
|
|
Aug
|
Forensic science equipment supplier completes MBO | MBO/MBI
A private equity firm has backed the management buyout of a ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
15
|
|
Aug
|
Payroll and HR companies acquired by software group | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to...
|
14
|
|
Aug
|
NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE
Engineering and services group NG Bailey’s strategic a...
|
13
|
|
Aug
|
Forensic science equipment supplier completes MBO | MBO/MBI
A private equity firm has backed the management buyout of a ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources