Shares in Dunham Zilli / Private Investor
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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