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New Deal


Announced

Completed

Nutreco and Olympic Investments led a $51m Series B funding round in Enough.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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biotechnology company

United Kingdom

Biotechnology

Acquisition

Minority

Private Equity

Venture Capital

Friendly

Cross Border

Private

Completed

Synopsis

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Nutreco, a provide of animal nutrition and aqua feed, and Olympic Investmentsled a $51m Series B funding round in Enough, a developer of mycoprotein designed to inspire new culinary creations. Additional investors include AXA IM, HAL Investments, Tailored Solutions, CPT Capital and Scottish Enterprise “ENOUGH is an exciting business with real potential to transform protein production. This partnership perfectly supports our ambitions to accelerate the contribution we can make to the challenge of feeding a growing global population. If we are serious about meeting this objective in a sustainable way, we will need to produce protein from a variety of sources such as fermentation, which is very much a shared goal," Rob Koremans, Nutreco CEO.

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