Travers Smith LLP has advised IK Investment Partners on the acquisition by its IK Small Cap II Fund of a majority stake in Forthglade Foods, the first investment by IK’s newly established UK team.
Forthglade is a fast-growing UK based natural pet food brand, producing premium wet and dry dog food and treats. Based in Okehampton, Devon, Forthglade employs over 130 people in the UK, and distributes across supermarkets, independent specialist pet retailers and online retailers including its own website (www.forthglade.com).
The Travers Smith Private Equity & Financial Sponsors team was led by Partners James Renahan and Emma Havas and Senior Associate Tom Hartwright, who were supported by Associates Thomas Halsey and Caleb Jones. Specialist advice was provided by Tax Partner Simon Skinner, Tax Associates Georgina Jones and Kaleem Khan, Finance Partners Matthew Ayre and Donald Lowe, Finance Senior Associate Will Sheridan and Finance Associate Sam van Besouw.