Foresight Group ("Foresight”) has invested a significant sum from the Foresight Nottingham Fund ("FNF”) into Nottingham-based software business Solutions for Retail Brands Limited ("S4RB”).
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S4RB is a cloud-based software and professional services business which helps retailers to evolve their private label brand products by providing an insight into product performance, and introducing collaboration with suppliers around product quality, innovation, incident management and brand initiatives. S4RB has a number of high profile clients including Asda, Waitrose and Walmart in the US.
S4RB has recently celebrated success at the 2016 East Midlands Chamber of Commerce Business Awards, where they won the Excellence in International Trade Award. The investment will enable S4RB to step up its expansion into national and international markets, develop its software solutions and grow its current 30-strong team, building on previous assistance received from the N’Tech Nottingham Technology Fund and a funding award from Creative England. Mike Quinn and Seb Saywood led the deal from Foresight’s Nottingham office; Mike will join the Board as Investor Director.
The Foresight Nottingham Fund is a £40 million fund that targets equity investments into growth companies, with a focus on Nottingham and the Nottinghamshire region.
James Butcher, Managing Director, Solutions for Retail Brands Limited, commented:
"We’re very excited by the opportunities that this extra capital provides S4RB in terms of accelerating the businesses’ software development, and for potential further expansion. We look forward to collaborating with Foresight’s experienced investment team to drive sales and improve key services in order to maintain a position at the forefront of the market.”
Mike Quinn, Senior Investment Manager, Foresight, commented:
"The investment into S4RB is an exciting opportunity to support a good team and a high growth company. The team have already secured a number of well-known customers both in the UK and in the US and have ambitious plans for the future. We are looking forward to working with management to expand the software capabilities and add to its already strong customer list. We have been impressed by their expertise, professionalism and ambitions for growth.”
Mark Rutherford and Liz Mills from the Nottingham office of Gateley Plc provided legal advice to the Company. Foresight was advised by Gavin White and Peter Abel from Fraser Brown, and Julian Clough and Adam Foster from Mazars.
Mark Rutherford, Partner, Gateley Plc, commented:
"It has been great working with the team at S4RB. This deal is a super opportunity for Foresight, S4RB is an exciting Nottingham based business with great growth potential."
This growth capital investment is the latest from the Foresight PE team which continues to focus on equity investments of up to £5m and has made 6 investments since the start of 2016 throughout the UK.
For further information, please contact: Ben Thompson, Foresight Group email@example.com 020 3667 8155
Notes for editors:
About Foresight Group LLP ("Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years. Foresight has £2.1 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs). Foresight’s Private Equity team, comprising sixteen investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.
About Solutions for Retail Brands (S4RB)
S4RB is a private brand grocery retail specialist. It enables better communication between retail teams, their suppliers and their customers through innovative software solutions. Working with some of the world’s largest retailers and brands, S4RB’s clients include Asda, Musgrave Group, Safeway, Waitrose, Walgreens Boots Alliance and Walmart.
The company was founded in 2006 and provides retailers and suppliers with unique insight into product performance by collating all customer feedback and product testing data into one shareable format. This information can then be used by private brand teams to develop competitive products that meet their value proposition, as well as increasing sales and customer loyalty.
For more information on Solutions for Retail Brands visit www.s4rb.com
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