Risk Capital Partners LLP, the private equity firm, today announced they have become shareholders in Bread Ltd, in conjunction with the company’s management and founders of GAIL’s.
Bread Ltd (established in 1992) is the leading artisan baker in Britain, headquartered in North London. Through its subsidiary The Bread Factory it supplies a broad range of award winning handmade breads, viennoisserie and cakes to restaurants, hotels and contract caterers.
The group also includes GAIL’s, the critically acclaimed retail bakery and cafe, which has eight bakeries in London. GAIL’s bread is also available through Waitrose, Harvey Nichols and Ocado the online grocer.
Tom Molnar, the Chief Executive of Bread Ltd, said: “I am delighted to be teaming up with Risk Capital Partners. We have been developing our business, and are ready to take it to the next phase of growth. We believe demand for artisan bread is increasing, as discerning customers prefer it to the highly processed, industrial bread supplied by the plant bakers.”
Luke Johnson, Chairman of Risk Capital Partners, said: “We are pleased to partner with Tom and his team to help Bread Ltd continue making a top quality product and make it even more accessible to customers. We have wide experience of food service and retail businesses, from Seafood Holdings to Patisserie Valerie. Bread Factory’s and GAIL’s products are fantastic quality, and we are confident together we will expand their markets significantly over time.”