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.
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.”
“The Cavendish team did an excellent job and provided expert advice throughout the transaction and most importantly ensured the deal crossed the line. I am pleased that Jollyes has passed into experienced hands and I truly believe the business has an exciting future ahead.”
“Thank you guys, brilliant work!! Thanks to your advice, the company was well prepared and it all came together very quickly at the end, excellently handled by you and your team. A cracking result for all the OKA shareholders!”
“I’d like to thank Jonathan Buxton and his team for doing a great job in selling Cotswold Collections to Rockpool and completing the deal announced today.
We all appreciate the hard work that was put in by each member of the team to make the deal happen and help us through all the tricky parts of the negotiation, whilst it was very frustrating at times we got there in the end! Well done!”
“Thanks to the team at Cavendish who ran a thorough, professional and timely process enabling this acquisition to happen at the right time and value for all concerned.’’
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