Grovepoint Capital Explained

Grovepoint Capital
Foundation:2010
Founder:Leon Blitz
Bradley Fried
Location:London,
United Kingdom
Industry:Private equity
Homepage:grovepoint.co.uk

Grovepoint Capital is a private equity firm headquartered in London, United Kingdom.[1] It has additional offices in Israel.[1] It was co-founded by Leon Blitz and Bradley Fried in 2010.[1] [2] [3]

In 2013, it acquired a majority stake in Algatechnologies, an Israeli biotech start-up, at a value of $50 million.[4] [5] In 2014 it acquired a majority stake in the sports nutrition company Grenade at a valuation of £35 million; in 2017 Lion Capital acquired a majority stake in the business from Grovepoint valued at £72 million.[6] [7] In 2015 it bought Payzone UK from Duke Street.[8]

The firm has provided credit including a €25 million debt package to German retailer NKD and a £19 million funding line to the British caravan holiday company Pure Leisure Group.[9] In 2018 the credit arm of the business was renamed from Grovepoint Credit to Bantry Bay Capital.[10]

Notes and References

  1. Web site: Company Overview of Grovepoint Capital LLP . Bloomberg Business . October 16, 2015 .
  2. News: Startup springboks who let the idea come to them . Annabelle . Denham . City A.M. . November 18, 2013 . October 16, 2015.
  3. News: U.K. Investment Firm Snaps Up Israeli Start-up Algatechnologies: Grovepoint Capital is paying an estimated $15 million to $20 million for the company, which fights the effects of aging. . Avi . Bar-Eli . Haaretz . February 10, 2013 . October 16, 2015.
  4. Web site: 2013-02-10 . Grovepoint buys control of Algatechnologies at $50m company value - Globes . 2023-09-13 . en.globes.co.il . en.
  5. Web site: Favas . Matthieu . 2013-09-21 . Grovepoint invests in Israeli microalgae . 2023-09-13 . Private Equity International . en-GB.
  6. Web site: Devlin2017-03-06T12:00:00+00:00 . Ed . Grenade snapped up by Lion Capital in £72m deal . 2023-09-13 . The Grocer . en.
  7. Web site: foodmanufacture.co.uk . 2014-02-26 . Multi-million pound sale of sports nutrition firm Grenade . 2023-09-13 . foodmanufacture.co.uk . en-GB.
  8. Web site: Pritchard . Becky . Duke Street Sells Payzone U.K. . 2023-10-02 . www.penews.com . en-GB.
  9. Web site: Javed . Ayesha . Grovepoint Inks Second Credit Deal . 2023-10-22 . www.penews.com . en-GB.
  10. Web site: Iris . 2018-04-25 . Grovepoint Credit rebrands as Bantry Bay Capital . 2023-10-22 . Business Money . en-US.

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