Quality Food Products Gains Strategic Investment from Foresight Group
Deal News | Nov 22, 2024 | Foresight Group
Foresight Group, a prominent private equity and infrastructure investment manager, has announced its investment in Quality Food Products, a leading meat processor based in Aberdeen. This move signifies Foresight's strategic commitment to the Scottish economy and the food processing sector. As part of the deal, Foresight will support incoming management led by Executive Chair Brian McMonagle and Managing Director Graeme Murray to propel the company's ambitious growth plans. This investment has facilitated an exit for Quality Food Products' family shareholders while ushering in a new era guided by experienced industry professionals. The investment marks one of three recent investments by Foresight in Scottish SMEs, reinforcing the firm's dedication to regional growth and economic empowerment. Foresight aims to leverage its expertise in growth funding to expand Quality Foods' footprint in the food supply market, increasing jobs and strengthening its position across the UK.
Sectors
- Private Equity
- Food Processing
Geography
- Scotland, UK – Foresight Group's investment strategy includes focusing on Scottish SMEs, such as Quality Food Products, demonstrating a commitment to this geographic region.
Industry
- Private Equity – Foresight Group is a private equity firm that invests in businesses like Quality Food Products, providing the necessary growth capital.
- Food Processing – Quality Food Products operates in the food processing industry, producing meat products for retail and wholesale customers across the UK.
Financials
- 54 million – Total amount Foresight Group has invested in companies across Scotland to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Foresight Group | Investor | Company | A leading regional PE and infrastructure investment manager involved in the growth and buyout funding. |
| Quality Food Products | Target Company | Company | An Aberdeen-based industry-leading processor of meat products. |
| Brian McMonagle | Executive Chair | Person | Leader of the new management team, experienced in executive roles in food processing. |
| Graeme Murray | Managing Director | Person | Recently joined as Managing Director to help drive Quality Food Products forward. |
| Mark Steven | Non-Executive Director | Person | Former MD of Highland Spring, joining the board of Quality Food Products. |
| Addleshaw Goddard | Legal Advisor | Company | Provided legal services for the transaction. |
| Quantify Advisory | Finance and Tax Due Diligence | Company | Conducted financial and tax due diligence for the transaction. |
| PMSI | Commercial Due Diligence | Company | Led commercial due diligence efforts. |
| PHD | Property | Company | Handled property-related aspects of the deal. |
| Confidas | Management | Company | Involved in management considerations for the investment. |
| Vista | Insurance | Company | Provided insurance services for the transaction. |
| Quensh | Health and Safety | Company | Oversaw health and safety due diligence. |
| Third Party Cyber Security | Cyber Security | Company | Managed cybersecurity assessments for the investment. |
| FWB | Recruitment | Company | Handled recruitment considerations for the new management team. |