Vital Ingredient, the London-based tossed salad-to-go concept backed by American-Estonian real estate entrepreneur Paul Oberschneider, has appointed advisors as it seeks to secure private equity funding to aid its next stage of development, M&C Report understands.
The 17-strong group, which last year secured new investment of £2.75m from Santander, has appointed Altium to advise on its funding options, although it is thought that a full process won’t begin until later in the year.
It opened its latest site in March in Great Tower Street and has a further site lined up in Artillery Row for an opening this summer. It is also thought to be in talks on a site in Holborn.
Last year, founder Alex Heynes told M&C Report that the group was continuing to focus on expansion in the capital although had visited Birmingham and Manchester recently to scope out the market and future opportunities.
He said that the company would be looking to add a retail director to allow himself and Oberschneider to plan the group’s next stage of development which would include moves to secure new funding through private equity.
