UK-based healthy snacks business Graze is being prepared for a GBP300m (US$391.1m) sale, it is reported.
According to the UK’s Sunday Telegraph newspaper, private-equity firm Carlyle is hoping to offload the business. It has held a majority stake in London-based Graze since 2012 when it was valued at GBP50m.
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A Graze spokesperson told the newspaper no sales process is currently under way.
Carlyle has just sold UK-based health foods retailer Holland & Barrett for GBP1.8bn to Russian billionaire Mikhail Fridman’s L1 vehicle.
Graze was launched in 2008 by a group of friends brought together by Graham Bosher, the co-founder of LoveFilm.
It was was originally a subscription-only service selling boxes of nuts, seeds and similar healthy products.
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By GlobalDataNow, as well as selling directly, Graze products are also distributed through established retailers such as Sainsbury’s, Boots UK and WH Smith.
Boss Anthony Fletcher has also taken Graze into in the US where its products are on sale in more than 7,500 stores.
In 2016 Graze launched an online shop for one-off purchases, outside the snack subscription model.
In 2015 Graze was listed in The Sunday Times Fast Track 100, a list of Britain’s top 100 fastest growing companies.
