Leeds' Ignite Capital completes maiden acquisition

Ignite Capital Limited has completed its maiden acquisition with the purchase of Bristol-based Albert E James & Son Limited.

Ignite Capital, formed in 2017 by managing director Paul Thompson, is a Leeds-based Corporate Finance Boutique.

The firm offers a range of services relating to the sale and purchase of businesses and is also in the process of developing a portfolio of businesses.

Ignite’s first acquisition provided a seven figure return for the vendors Tim and Steve Jones, facilitating their retirement plans and also represents the first investment of Ignite’s developing portfolio.

Established in 1962, Albert E James & Son is a specialist manufacturer and wholesaler of wild bird food, caged bird feeds and racing pigeon corn mixtures.

Under its two brands, Country Wide and Willsbridge, the company manufactures and markets its own recipes for birds which are tailored to specifically match the nutritional requirements of the bird and its breed.

Management buy in candidate, Joe Mogg invested alongside Ignite as part of the transaction and will be responsible for the day to day running of the business as managing director.

Paul Thompson commented: “I’m delighted to have completed our maiden acquisition. In AE James, we have unearthed a fantastic business with heritage, an established brand and a great range of products.

“We will preserve the brand and reputation created through years of hard work and stay true to the principles that have allowed this business to stand the test of time”.

Joe Mogg added: “This was an opportunity that I felt was too good to miss. It is rare to find a business as successful as this yet also has so much potential for the future.

“My aim is to build on the solid foundations created by the vendors and to gradually develop the business and take it onto even greater heights”.

Legal advice and support for the acquirer was provided by Chris Blantern and Daniel Bisby of Schofield Sweeney LLP and funding for the transaction was provided by IGF Group Limited.

The sellers were advised by Lee Wojtkiw of The Camlee Group Limited.