Healthier options

In this report we analyse the portfolio of assets that RGO is proposing to acquire from S-Ventures. Operating in the structurally growing healthier food sector, Juvela, the leading gluten-free brand, and Pulsin, a leading manufacturer of protein bars and powders, together with Market Rocket’s digital selling expertise, are well placed to grow sales to c.£20m and EBITDA towards c.£3m in 2026E. On 22 March 2024, RiverFort Global Opportunities PLC (“RGO”) announced the potential acquisition of 100% of the assets and liabilities of S-Ventures plc (“SVEN”). If approved by shareholders, the transaction constitutes a reverse takeover. In this report we analyse and value the four operating businesses of SVEN, which together we refer to as the “P...