RE: Aqjusitions11 May 2026 15:32
Did a search Bunsen it’s from grocery gazette I think
S-Ventures PLC acquired plant-based nutrition company Pulsin Limited in July 2021 for a total consideration of £7.5 million.The acquisition was structured as follows:Total Value: £7.5 million.Payment Method: A combination of £2 million in cash, £2 million in loan notes, and the issuance of 15,176,814 new ordinary shares in S-Ventures.Contingent Consideration: Part of the share consideration was contingent upon Pulsin's net sales for the year.Additional Costs: S-Ventures reserved an extra £450,000 in cash for certain potential liabilities of Pulsin.At the time of the sale, Pulsin reported gross sales of approximately £7.05 million for the year ending April 30, 2021, and had net debt of about £1.2 million.
S-Ventures acquired the gluten-free brand Juvela (Hero UK Ltd) in December 2022 for a total consideration of £8 million in cash and five million new ordinary shares. The deal included £6.5 million in cash on completion, with £1.5 million deferred, plus 8% interest.Key Acquisition Details:Total Initial Consideration: £8m cash + 5 million S-Ventures shares.Share Value: The five million shares represented 3.8% of S-Ventures' enlarged share capital, issued to the vendor, [Hero Group].Funding: S-Ventures used a £5.5m loan and a £0.5m revolving credit facility from Shawbrook Bank to support the purchase.Strategic Rationale: The purchase was made to expand S-Ventures' portfolio in the health, wellness, and "free-from" food markets.The acquisition allowed S-Ventures to bring the Welsh-manufactured Juvela product line, which includes gluten-free breads, mixes, and pasta, into its portfolio.
It was Sventures that bought them before it became Tooru