Grovepoint Capital

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Grovepoint Capital
IndustryPrivate equity
Founded2010
Founder Leon Blitz
Bradley Fried
Headquarters London, NW1
United Kingdom
Website grovepoint.co.uk

Grovepoint Capital is a private equity firm headquartered in London, United Kingdom. [1] It has additional offices in Israel. [1] It was co-founded by Leon Blitz and Bradley Fried in 2010. [1] [2] [3]

In 2013, it acquired a majority stake in Algatechnologies, an Israeli biotech start-up, at a value of $50 million. [4] [5] In 2014 it acquired a majority stake in the sports nutrition company Grenade at a valuation of £35 million; in 2017 Lion Capital acquired a majority stake in the business from Grovepoint valued at £72 million. [6] [7] In 2015 it bought Payzone UK from Duke Street. [8]

The firm has provided credit including a €25 million debt package to German retailer NKD and a £19 million funding line to the British caravan holiday company Pure Leisure Group. [9] In 2018 the credit arm of the business was renamed from Grovepoint Credit to Bantry Bay Capital. [10]

References

  1. 1 2 3 "Company Overview of Grovepoint Capital LLP". Bloomberg Business. Retrieved 16 October 2015.
  2. ↑ Denham, Annabelle (18 November 2013). "Startup springboks who let the idea come to them". City A.M. Retrieved 16 October 2015.
  3. ↑ Bar-Eli, Avi (10 February 2013). "U.K. Investment Firm Snaps Up Israeli Start-up Algatechnologies: Grovepoint Capital is paying an estimated $15 million to $20 million for the company, which fights the effects of aging". Haaretz. Retrieved 16 October 2015.
  4. ↑ "Grovepoint buys control of Algatechnologies at $50m company value - Globes". en.globes.co.il. 10 February 2013. Retrieved 13 September 2023.
  5. ↑ Favas, Matthieu (21 September 2013). "Grovepoint invests in Israeli microalgae". Private Equity International. Retrieved 13 September 2023.
  6. ↑ Devlin, Ed (6 March 2017). "Grenade snapped up by Lion Capital in £72m deal". The Grocer. Retrieved 13 September 2023.
  7. ↑ foodmanufacture.co.uk (26 February 2014). "Multi-million pound sale of sports nutrition firm Grenade". foodmanufacture.co.uk. Retrieved 13 September 2023.
  8. ↑ Pritchard, Becky. "Duke Street Sells Payzone U.K." www.penews.com. Retrieved 2 October 2023.
  9. ↑ Javed, Ayesha. "Grovepoint Inks Second Credit Deal". www.penews.com. Retrieved 22 October 2023.
  10. ↑ Iris (25 April 2018). "Grovepoint Credit rebrands as Bantry Bay Capital". Business Money. Retrieved 22 October 2023.


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