Quorn Foods
The deal
Investing in the UK’s leading meat-alternative business
£205m
Deal size, March 2011
Fund II
Realised investment
The story
Quorn Foods is one of the largest meat-alternative brands in the world, trading under the Quorn and Cauldron brands. It is a UK market leader with a well-established brand and a loyal customer base.
Under our ownership, we returned the UK business to strong volume growth through expansion of manufacturing capacity, streamlining of the supply chain and significant investment in advertising and marketing. Our investments also supported the growth of the business internationally. Now, over a third of Quorn’s revenues are generated in a total of 15 countries outside the UK.
None of this would have been possible without the work of the incumbent management team led by Kevin Brennan and our appointed Chairperson Clive Sharpe. Clive was previously CEO of Golden Wonder and WT Foods and Chairperson of Burtons Foods.
Quorn Foods was acquired by Monde Nissin, one of the leading food groups in the Philippines, in October 2015 for £550m.