Hillary Graves, founder of Little Dish
The nutritious food brand for toddlers will use the capital to increase its UK footprint and to expand into the US.
Little Dish, the UK leader in healthy, nutritious food for toddlers, has secured a growth equity investment from Profile Capital Management LLC.
Co-founded by Hillary Graves in 2006, the business is now run jointly with her CEO and husband Dean Brown, both of whom retain a significant stake in the group.
The health-focused food brand sells nationally within the major multiple retailers and is growing at 40% year-on-year. It now has plans to expand into the US.
Joelson’s private equity lawyers advised Little Dish on the deal valued at £17m (US$21.5m).
Paul Chiappe, lead transaction partner within Joelson’s highly ranked corporate team, has worked with Little Dish from the outset.
He said: “The team at Joelson have watched Little Dish grow from strength to strength and were delighted to play a part in this transformative transaction.
“The business now has a fantastic platform to break into a US market that is primed to receive this food category.”
Hillary Graves, founder, added: “Joelson have expertly guided the business over the years.
“Paul and his team delivered a very complex transaction with calm, ruthless efficiency, we could not have been in better hands.”