Foresight announces healthy £2.5m investment into The Naked Deli Limited
Foresight Group, the infrastructure and private equity investment manager, has invested £2.5m of growth capital into The Naked Deli Limited.
Launched in 2014, The Naked Deli operates a number of sites in Newcastle, offering a ‘health-conscious’ dining experience, with a range of gluten and dairy-free, vegan and paleo dishes.
The Naked Deli restaurants offer grab-and-go and dine in options for its customers, across breakfast, lunch and dinner dayparts.
The company will use the investment from London-based Foresight to boost its systems and infrastructure, and to continue the rollout of additional sites around the UK.
As part of Foresight’s investment, The Naked Deli has appointed John Upton as chairman who joins from LEON where he was managing director and, prior to LEON, a member of the senior team at McDonald’s UK.
The Naked Deli marks the ninth deal for Foresight’s private equity team this year.
John Cordrey, investment manager of Foresight Group, said: “The Naked Deli represents an opportunity to back a strong brand with a high-quality offering, operating in the growing, healthy eating sector.
“Foresight will be supporting the rollout of additional sites across the UK. We look forward to working with the management team and pursuing the opportunities that exist for the Company.”
Chris Jones, CEO of The Naked Deli, commented: “We are excited to be working closely with Foresight who have been extremely supportive of our vision to bring healthy and nutritious food to the wider market.
“We have had an amazing journey so far in growing our brand organically throughout the North East and look forward to our next stage of growth, in scaling The Naked Deli throughout the UK.”