Foresight Group has invested £2.5 million of growth capital into The Naked Deli Limited, a clean-eating restaurant chain based across a number of sites in Newcastle.
Our Corporate Finance team introduced The Naked Deli to Foresight and the management team were advised by Muckle LLP. The Naked Deli will use the investment to bolster systems and infrastructure, and to continue the rollout of additional sites around the UK.
Launched in 2014, The Naked Deli operates a number of sites in Newcastle, offering a health-conscious and clean-eating dining experience, with a tasty range of gluten and dairy-free, vegan and paleo dishes. The first site opened in Heaton, and, after a strong social media campaign, the site reached full capacity in the first week.
As part of Foresight’s investment, The Naked Deli has boosted its team with the appointment of John Upton as Chairman. He has joined from LEON where he was Managing Director and, prior to LEON, a member of the senior team at McDonald’s UK. Upton adds significant sector and roll-out expertise and experience.
Chris McCourt, associate partner, Tait Walker Corporate Finance, commented:
“It is a pleasure to have been able to help the founders of The Naked Deli raise the finance that will enable them to fulfil their ambition to scale up the business. With the support of Foresight and experience of John Upton I have no doubt The Naked Deli will go from strength to strength, and we look forward to continuing to work with the team.”