23 Jan 2019

WBD has advised longstanding client Piper, the UK's leading specialist investor in consumer brands, on its £6m investment into Mindful Chef.

Since its inception in 2015, Mindful Chef, which creates and delivers healthy food boxes replete with recipes, has grown rapidly with a 178 per cent in sales in the past year, annualised sales of £10m and a workforce of over 25. Piper's £6m cash boost will provide the funding to enable the business to expand and grow its customer base in the UK. 

The WBD team was led by Corporate Partner Simon Hewes and Corporate Associate Sammy Hill. 

Simon Hewes commented:

"We're delighted to have advised Piper on this latest investment. It is a privilege working with the team at Piper with their passion for growing young consumer brands into successful mature businesses and we look forward to supporting them again this year as they continue to grow their investment portfolio." 

Rory Gibbs, Investment Director at Piper added:

"We are really grateful for the expertise and commitment of the WBD team, who once again pulled out all the stops, finalising the legal documents and delivering focused legal due diligence, enabling us to complete the investment in a tight timeframe." 

WBD has supported Piper on many of its investments, including into Pet Food UK ("Barking Heads"), Flat Iron Restaurants and Neom Organics.

Ranking in the UK's top 20 law firms, WBD provides legal expertise in its key sectors, including Retail and Consumer, from across eight offices in the UK and 18 offices in the US. The firm has a large corporate practice in the UK advising national and international clients on a broad range of corporate transactions, particularly M&A, IPOs, private equity investments as well as growth and development capital fundraisings.