Mid-market growth investor Lyceum Capital is acquiring a controlling interest in EAT. The Real Food Company from Penta Capital.
The investment, which was made alongside the founders and management of the company, will support EAT.’s brand development and a store opening programme in the UK which could support well over 300 branches. The strategy will also develop the business and brand in the UK and internationally.
Founded in 1996, EAT. is one of the leading brands in the food and coffee “to go” market with 110 stores across the UK. It sells a wide range of soups, salads, sushi, panini, sandwiches, baked goods and coffee, which are prepared in-house by EAT. each day.
Following the transaction, founders Faith and Niall MacArthur will retain a substantial shareholding along with other management. In conjunction with the investment, Lyceum Capital’s Simon Hitchcock and Phillip Buscombe will join the board of EAT. alongside Chairman John Herring.