NVM Private Equity has acquired UK-based vegetarian food supplier Vegetarian Express.

In a statement, the UK private-equity firm said it had made a £15m ($19m) investment into the business, without providing further details on the deal.

Since 2016, Vegetarian Express, which supplies plant-based foods such as tofu and tahini to foodservice customers, has been backed by Bridges Fund Management, which announced the sale in a separate statement.

NVM Private Equity said it would look to support Vegetarian Express’ expansion into Ireland, as well as invest in expanding the company’s customer base.

Dave Webster, the managing director of the Watford-based Vegetarian Express, described the company as “the UK’s leading plant-based category specialist to the foodservice sector”.

He added: “NVM’s backing will enable us to scale faster and help even more customers get brilliant-plant-based food on their menus.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company has “more than doubled” its revenues under Bridges’ ownership, NVM Private Equity said. Detailed figures were not disclosed.

Mauro Biagioni, investment partner of NVM Private Equity, said: “The business is a true category specialist, with an excellent reputation for its extensive range of high-quality authentic products.”