Shares in Dunham Zilli / Private Investor
Cavendish Corporate Finance LLP is pleased to announce it has closed an expansion capital raising for Baby Zilli, an exciting new entrant into the premium baby food market. The deal involves an equity investment from a private investor with experience in the retail industry, which will allow Baby Zilli to accelerate its growth plan. The price and terms have not been disclosed.
Baby Zilli was founded by a partnership between the serial entrepreneur Dean Dunham and Aldo Zilli, the celebrity chef behind Zilli Fish Group. Both have children and saw an opportunity in the baby food market to create good tasting, healthy organic baby and toddler food with flavours that will promote infants to formulate healthier eating patterns as they mature. The Company launched to the public in January 2011 and is now stocked in major supermarkets such as Tesco, Waitrose, Budgens, Ocado, and most recently, Morrisons, with new supermarkets coming on stream shortly. Baby Zilli has developed a strong product range which it is expanding all the time to meet its customer’s needs.
Simon Ramery, lead partner on the transaction and head of capital advisory at Cavendish, commented “We are very pleased to have assisted an exciting new entrant establish itself in the UK baby food market. The business has achieved a great deal in a very short space of time, which is testament to the strength of the management team and the quality of its products. We hope to assist them going forward as they continue to grow and become a leading player not only the UK, but in the international baby food market”.
Dean Dunham, the Chief Executive of Baby Zilli, commented: “Cavendish provided excellent support in helping take our business to the next stage. By bringing in a private investor with international experience, we are well positioned to execute our growth plan.
“I would also like to thank the team at finnCap Cavendish. They have done a great job in finding us the right buyer and running a smart and efficient process. Their support throughout has been excellent and combined with their commercial approach and sector knowledge, they have made great advisers for us.”
“Joe Stelzer and his team at finnCap Cavendish were the perfect partners as we navigated this exciting next step for the group. The firm’s wealth of expertise in advising entrepreneurial growth businesses, partnered with their quality of service and professionalism was invaluable and helped make this deal function as smoothly as possible.”
“This transaction is huge for our business as we look to continue our growth journey. We’re very excited to have raised enough capital from a leading impact investor to expand our market-leading position and maintain standards of excellence across all our products. We’re hugely grateful to the team at finnCap, who played a fundamental role, in what we hope, will be a very exciting growth story.”
“I would like to thank all of those involved in the process that has concluded with us ultimately choosing Neighborly as our partner going forward, those at finnCap Cavendish and our CFO Mike Bergin, without whom this would have not happened.”
Thank you to the Cavendish team for your unwavering support throughout this process. Finding a strategic overseas partner to allow me to realise my global ambition was my number one aim, and this has been achieved. In the current market the result you have delivered is exceptional.
It was a great pleasure to work with the Cavendish team again having originally worked with them when we sold Naked Wines to Majestic Wine in 2015. John, Rebecca and the team rigorously assessed the market to find the right new owner for a business with dedicated staff and suppliers and the right deal to achieve Naked’s goal of realising capital and simplifying the business.
“Jonathan, thank you to you and your team for your tremendous support and wise counsel during the process. You kept a calm head throughout and successfully charted a course to bring us to this great conclusion. David, the team and I are all delighted with the outcome as we now join forces with Cafento to build the brand to even greater heights. I would highly recommend your services!”
“The team at Cavendish went far beyond what was expected, supporting us through the entire fundraising process. I am certain that the deal with Piper would never have completed in the time frame without their help.”
Jonathan, thank you for all your help, sound advice and hard work over the last year. You very skilfully guided us through a challenging process. As well as a fantastic exit for some very happy shareholders, there is no doubt in my mind that Orlebar Brown has ended up in the right place. Your patience was rewarded!
“Cavendish worked hard and achieved an excellent result for stakeholders. I would certainly recommend their services.”
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