Vital Ingredient, the LDC-backed, healthy food-to-go concept, is reviewing its future funding options after receiving a number of approaches, MCA has learnt.
MCA understands that the 20-strong, London-based company has appointed advisers from Deloitte to aid it with its next stage of growth, which could include taking on further funding.
A spokesperson for Vital Ingredient told MCA: “In response to a number of inbound approaches and opportunities within its markets, the board and shareholders are currently reviewing a number of strategic options designed to support the business’ long term growth strategy, both in the UK and overseas. This could include bringing additional capital into the business to fully exploit a number of new areas, all of which are designed to take advantage of Vital Ingredients’ unique position and proposition, as well as the continuing popularity of healthy, natural food to go for today’s consumer”
Last year, LDC backed the management buyout of Vital Ingredient, as part of a £12m funding package that would support the expansion of the business.
The group planned to use the new investment to more than double the number of its sites to at least 35 over three years, including exploring opportunities outside the capital.
The group, which is led by Paolo Peretti, recently opened a new flagship site in Tower 42 in the City.
In June, it appointed Kate Collis, finance & property director of Le Pain Quotidien, as its new chief financial officer.
