Seafood Holdings

Seafood Holdings is the UK’s leading privately owned distributor of fresh fish to quality restaurants, hotels, pubs and institutional caterers. It distributes fresh fish caught on a daily basis to 8,000 customers across the UK from its nationwide network of 10 depots and a fleet of 150 vehicles.

In 2006, Risk Capital Partners funded a development capital investment to allow the founder to pursue an acquisition strategy to establish a national distribution capability, in a deal that valued the business at £16 million.

In December 2010 Seafood Holdings was acquired by Bidvest, the South African owner of 3663, the UK food distribution business for £45 million with RCP making a significant capital gain.

Why we invested:

  • Underlying growth in premium casual dining market
  • Fragmented market presented consolidation opportunity
  • Synergies arising from national distribution capability for perishable product

“The relationship with Risk is very straightforward and you can always speak to someone who can make a decision instantaneously.”

Toby Baxendale
Founder and CEO