The business and assets of Biscuiteers, which had entered administration, have been acquired by a newly formed company which is backed by Matt Scaife, a partner at Irish private equity firm Causeway Capital.
Scaife also led a £13 million deal to save Patisserie Valerie in 2019 and will sit on the Biscuiteers board to support the leadership team in the next stage of the company’s growth.
The deal will safeguard the jobs of the approximately 160 people employed by the biscuit maker, while customer orders, vouchers and loyalty points are unaffected by the ownership change and will continue to be honoured in full.
The transaction was completed by joint administrators Will Wright and Chris Pole from Interpath Advisory and follows a funding options review that was undertaken by Biscuiteers with support from Interpath.
Founded in 2007 by Stevie Congdon and Harriet Hastings, Biscuiteers operates out of a purpose-built facility in Wimbledon, west London, where it manufactures a product range that includes iced biscuits, brownies, chocolates and macarons.
According to its results for the year up to 30 April 2024, Biscuiteers turned over more than £11 million, but experienced pre-tax losses of just under £1 million.
“This transaction represents a significant milestone for Biscuiteers,” said Francesca Pittaway, who joined as the firm’s CEO in February 2025.
“With a strengthened balance sheet and backing of the newly formed company we are ideally positioned to accelerate the brand’s growth. I am genuinely excited to continue working alongside Harriet and the rest of team as we embark on the next chapter of Biscuiteers’ journey.”
Wright, who is the UK CEO at Interpath, added: “We’re pleased to have concluded this transaction with Biscuiteers which puts in place a stable financial platform upon which the business can continue to scale. We wish everyone at the Company all the very best for the future.”
