Grenade acquired by Lion Capital
Sports nutrition firm Grenade’s sale to private equity firm Lion Capital, in a deal that valued the business at £72M, was the first of Catalyst’s top five food and drink deals of 2017.
Founders Alan and Juliet Barratt sold a stake in the company to Grovepoint Capital in 2014, which at the time valued Grenade at £35M.
Grenade has since broadened its product range and expanded its distribution into mainstream convenience and grocery channels in the UK and abroad. Its products are now sold in more than 100 countries.
“This is a great example of a business on trend, exporting overseas and being valued at the top of the market,” said Catalyst.