Law firm Stephenson Harwood LLP has advised growth capital investor BGF on its £6 million investment in Scrumbles.
Scrumbles was founded in 2018 by Aneisha Soobroyen and Jack Walker. The natural pet food brand has seen revenues treble since its inception, having secured listings for its products in major UK retailers – including Tesco, Waitrose, Sainsburys and Pets at Home – and established successful direct-to-consumer channels as well as a strong online sales footprint.
BGF is one of the largest and most experienced growth capital investors in the UK and Ireland, with a balance sheet of more than £2.5 billion supporting earlier stage and established private businesses, as well as smaller companies. It is also the most active investor in growing companies founded or co-founded by women.
The minority investment will be used to expand the team and as working capital to service new retail listings, international expansion and marketing.
The Stephenson Harwood team was led by partner Malcolm MacDougall, who was assisted by managing associate Rajiv Kakkad and associate Patrick Foley.