M&A Deal Summary

Flywheel Partners Acquires Freshcut Foods

On July 31, 2023, private equity firm Flywheel Partners acquired food company Freshcut Foods from Perwyn

Acquisition Highlights
  • This is Flywheel Partners’ 1st transaction in the Food sector.
  • This is Flywheel Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-07-31
Target Freshcut Foods
Sector Food
Buyer(s) Flywheel Partners
Sellers(s) Perwyn
Deal Type Secondary Buyout

Target

Freshcut Foods

Nottingham, United Kingdom
Freshcut Foods is a provider of added-value vegetables, fruits, and carbohydrates to food manufacturers and food service operators in the UK. Freshcut Foods is based in Nottingham, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Flywheel Partners is a private equity firm that seeks businesses with potential for long-term growth. The Firm looks to invest in companies with revenue of £2 to £10 million and operating in the business and consumer services industries. Flywheel Partners was founded in 2019 and is headquartered in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Perwyn

Investor Investor Investor Investor Investor


Category Family Office
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Perwyn is a privately-funded investment firm that seeks to invest in development capital and buyout transactions of businesses valued from £100 to £500 million. Perwyn prefers to be the first round of institutional capital and will consider opportunities throughout the UK and Western Europe. In addition investing equity capital, Perwyn also provides flexible debt capital to companies, investing £5 to £25 million per deal. Perwyn was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 3 of 3
Sector: Food M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Kin Vet Community

Bury Saint Edmunds, United Kingdom

Kin Vet Community is a new challenger group to the veterinary market, focussed solely on providing small animal veterinary services and delivering high quality care and a seamless experience to clients and patients across the East and South East of England. Kin Vet Community is based in Bury Saint Edmunds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 iamproperty

-Newcastle upon Tyne, United Kingdom

iamproperty specialises in technology-led software, platforms and services that support property professionals and help them to reduce transaction timescales and improve the security of a sale for both buyer and vendor. iamproperty was founded in 2009 and is based in Newcastle upon Tyne, United Kingdom.

Buy -