Private equity arm LDC of Lloyds Banking Group invests in UK plant-based food manufacturer Bespoke Kitchen Foods, supporting their growth strategy. Revenue has increased by 18% over 3 years due to rising demand for vegetarian and vegan products. Bespoke recently opened a new production facility to expand manufacturing capacity.

LDC’s investment led by East Midlands and East of England team will help Bespoke Kitchen Foods explore growth opportunities in new categories and markets. CEO Sam Tidball highlights the evolving consumer preferences towards plant-based options. LDC aims to capitalize on the increasing demand for healthier dining options in the food sector.

Investment director at LDC, Simon Peacock, praises Bespoke’s innovation and ambition in the food industry. The partnership aims to cater to a health-conscious customer base and make strategic acquisitions. LDC has a history of investing in consumer businesses, with a focus on market-leading food and drink companies.

Read more at Yahoo Finance: Private-equity group LDC invests in Bespoke Kitchen Foods