TLT has advised the investors in Friska, the Bristol-headquartered healthy fast food chain, on their investment as part of a £1.25 million debt and equity fundraising to open ten more sites across the UK. The investment was raised through two angel investors and Santander.
The team included corporate partner Andrew Webber, banking & restructuring partner Gary Roscoe, and corporate solicitor James Webb.
Andrew Webber said:
"With this first round funding from our clients and Santander this ambitious local business can now implement the first stage of their ambitious growth plans and develop a truly national presence with new outlets planned for Birmingham and Manchester. We are delighted to have worked closely with the investors, the founders and the bank throughout the whole process, enhancing our reputation in the sector."
Earlier this year TLT’s Corporate team advised Matthew Clark, the leading national drinks agency and wholesaler, on its acquisition of a 51% stake in Elastic, an on-trade experiential and digital marketing agency. The team also advised The Bart® Ingredients Co. Ltd, a market leading manufacturer of condiments and seasonings, on the acquisition of the business and assets of OTP Foods.