Lower mid-market private equity firm Risk Capital Partners has invested in artisan bakery Bread alongside the company’s management and the founders of GAIL’s, a retail bakery and cafe.
Founded in 1992, Bread is headquartered in North London. Its subsidiary, The Bread Factory, supplies handmade breads and cakes to restaurants, hotels and contract caterers. The group includes GAIL’s, which has eight bakeries London and also sells its products through Waitrose, Harvey Nichols and Ocado.
Bread chief executive Tom Molnar said demand for artisan bread was increasing as more customers opted for it over processed industrial bread supplied by “plant bakers”.
Risk Capital Partners chairman Luke Johnson, who stepped down as chairman of Channel 4 last year, said the firm would focus on making Bread’s products more accessible to customers.
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