Investment in food brand
Inverleith takes majority stake in chocolate firm Montezuma’s
Founders Helen and Simon Pattinson
Specialist consumer brands investor Inverleith has taken a majority stake in chocolate company Montezuma’s.
Founded by Helen and Simon Pattinson in 2000, Montezuma’s has established itself as one of the largest independent British manufacturers of premium artisanal chocolate and has retail stores in the south-east of England and London.
Montezuma’s has adopted its ethical standards since its inception and all its products are manufactured in the UK at its own facilities in Chichester.
Details of the investment from Edinburgh-based Inverleith, chaired by former investment banker Ben Thomson, were undisclosed. It will see the company expand the distribution of its chocolate products in the UK and overseas and focus on chocolate innovation.
Mrs Pattinson stated: “After eighteen years at the helm, we knew this was the right time to seek additional investment and the right partner. It was extremely important for us to find and work with an investor partner who would recognise and respect the company and brand we have created and love, our values, our innovative approach and the quality of our products.”
Mr Pattinson said: ‘We feel Inverleith fully understands the brand’s future, shares our continued passion for what we have developed and will ensure that we capture new opportunities for the brand both at home and overseas.”
Ater a period of transition, the Pattinsons will step back from the day-to-day running of the business, while retaining roles as ambassadors and directors for the Company.
Inverleith managing partner, Paul Skipworth, said ‘Montezuma’s is a fantastic addition to Inverleith’s expanding portfolio of consumer investments.”
Montezuma’s was advised on the transaction by Alantra, the global investment banking and asset management firm.