January 2012

  • Client : Shares in Dunham Zilli
  • Activity : Branded Baby Food
  • Sector : Consumer & Retail
  • Acquired by: Private Investor
  • Transaction Type:

What our clients say

  • “We have greatly enjoyed working with Cavendish over the past few years. As a family owned business, we definitely needed good advice and we felt very well supported by the team at Cavendish. I never imagined we would end up with an Estonian buyer but it is clear that there is an excellent fit with PR Foods, which will be good for the business, our customers and suppliers and for Chris and...

    Andrew Leigh | Founder and Shareholder of John Ross Junior (Aberdeen) Limited
  • I’d like to warmly congratulate Jonathan Buxton, Michael Jewell and the team at Cavendish on the successful sale of Tristar Worldwide Ltd to the Addison Lee Group. I’d like to place on record our gratitude for their international reach, sound advice, good humour and professional service which was greatly appreciated by all parties. It was a real pleasure to work with them on this...

    Andy Nash | Chairman of Tristar Worldwide
  • “It was a great pleasure to be working with Cavendish again, following the Aurum sale process. The Cavendish team worked hard and were very committed to achieving the best result for the shareholders and then closing the deal. I am delighted to be partnering with Freshstream, who are the ideal partner to take Radley onto the next...

    Justin Stead | CEO of Radley
  • Over the years we have had numerous suitors, but the wise guidance of Jonathan and Howard at Cavendish, surely the most astute of advisors for the selling of luxury businesses, has always been there to help us determine the most fitting acquirers. Their understanding of my belief, that to own New &Lingwood, is only a temporary curatorship of this unique company, and their appreciation of the...

    Anthony Spitz | Chairman of New & Lingwood
  • “Cavendish demonstrated a very good knowledge of luxury brands which, along with their private equity expertise, enabled them to find the perfect partner for Scott Dunn. The proof is in the result though. The deal terms achieved and transaction timing fully met my expectations. I would gladly recommend them to other business...

    Andrew Dunn | Founder & President of Scott Dunn
  • “Does exactly what it says on the tin… You should choose your advisors very carefully, based on personality (could I work with them) and importantly their past performance. The best testimonial I could ever give to Jonathan and Anya at Cavendish is that I had the best team to support and advise me and my management team and I would definitely use them again! If you choose to work with them...

    Neil Cooper | Founder and Chairman of Coopers of Stortford
  • I am entirely confident that Raleigh has found the ideal buyer to support the employees, customers, suppliers and the future growth of the...

    Alan Finden-Croft of Raleigh Cycle Limited
  • “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...

    Dean Dunham|Chief Executive of Baby Zilli
  • “This is a great outcome for both the shareholders and the ongoing management team. The closer we have got to Vestey the more we have seen how they share the same values as Donald Russell, which bodes well for the future. It was very impressive to see how Cavendish handled the auction process and used their international network to talk directly with purchasers around the world. You stayed...

    Hans Baumann of Donald Russell

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.

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