Elysian Capital’s Acquisition and Investment In Wholebake Limited

Stephenson Harwood has advised Elysian Capital on the deal.

Elysian Capital acquired and invested, in conjunction with management, in Healthfull Holdings Group Limited, the parent company of Wholebake Limited.

Elysian Capital is an independent private equity firm focused on the lower mid-market in the UK and Ireland. It acquires majority stakes in growth businesses valued between £20 million and £100 million. This transaction represents the second investment in the last month from the Elysian Capital III LP Fund, which closed in September 2020 at £325 million.

Founded in 1984, Wholebake is a UK manufacturer of gluten-free snacking products. Based in Chester, Wholebake’s current portfolio comprises a variety of product types, including weight management, sports nutrition, toddler snacking, healthy indulgence, vegan-friendly and digestive health brands. This deal will enable Wholebake to grow the business’s branded and own label offerings, including; Bounce, Brynmor and Nine.

The Stephenson Harwood team was led by private equity partner Malcolm MacDougall (Picture), who was supported by private equity senior associates Chris Manning and Nicola Baird, and associate Dafni Loizou. Further assistance was provided by employment senior associate Richard Freedman and associate Elspeth Hunt, tax senior associate Kate Worthington, banking associate David Harris and corporate associate Olivia Fraser.

Involved fees earner: Nicola Baird – Stephenson Harwood; Olivia Fraser – Stephenson Harwood; Richard Freedman – Stephenson Harwood; David Harris – Stephenson Harwood; Dafni Loizou – Stephenson Harwood; Malcolm MacDougall – Stephenson Harwood; Chris Manning – Stephenson Harwood; Kate Worthington – Stephenson Harwood;

Law Firms: Stephenson Harwood;

Clients: Elysian Capital;

Federica Tiefenthaler

Author: Federica Tiefenthaler