Grovepoint Capital
IndustryPrivate equity
Founded2010
FounderLeon Blitz
Bradley Fried
HeadquartersLondon, NW1
United Kingdom
Websitegrovepoint.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 October 16, 2015.
  2. ↑ Denham, Annabelle (November 18, 2013). "Startup springboks who let the idea come to them". City A.M. Retrieved October 16, 2015.
  3. ↑ Bar-Eli, Avi (February 10, 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 October 16, 2015.
  4. ↑ "Grovepoint buys control of Algatechnologies at $50m company value - Globes". en.globes.co.il. 2013-02-10. Retrieved 2023-09-13.
  5. ↑ Favas, Matthieu (2013-09-21). "Grovepoint invests in Israeli microalgae". Private Equity International. Retrieved 2023-09-13.
  6. ↑ Devlin2017-03-06T12:00:00+00:00, Ed. "Grenade snapped up by Lion Capital in £72m deal". The Grocer. Retrieved 2023-09-13.{{cite web}}: CS1 maint: numeric names: authors list (link)
  7. ↑ foodmanufacture.co.uk (2014-02-26). "Multi-million pound sale of sports nutrition firm Grenade". foodmanufacture.co.uk. Retrieved 2023-09-13.
  8. ↑ Pritchard, Becky. "Duke Street Sells Payzone U.K." www.penews.com. Retrieved 2023-10-02.
  9. ↑ Javed, Ayesha. "Grovepoint Inks Second Credit Deal". www.penews.com. Retrieved 2023-10-22.
  10. ↑ Iris (2018-04-25). "Grovepoint Credit rebrands as Bantry Bay Capital". Business Money. Retrieved 2023-10-22.


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