LDC, the private equity arm of Lloyds Banking Group, has invested in UK-based vegetarian food producer Bespoke Kitchen Foods to support its growth plans.
According to a joint statement, LDC will back Bespoke’s strategy to expand both organically and through acquisitions, with a focus on entering new segments such as high-street casual dining. Bespoke supplies its plant-based and vegetarian products to UK pubs, restaurants, and wholesalers serving the foodservice industry. Its product portfolio spans savoury items like plant-based burgers and pastries, alongside desserts, compotes, and gluten-free products.
The company has averaged 18% revenue growth over the past three years, supported by rising demand for vegetarian and vegan categories and a broader shift toward healthier dining. Earlier this year, Bespoke opened a new production facility near its headquarters to expand manufacturing capacity.
The deal was led by LDC’s East Midlands and East of England team, including investment director Simon Peacock and partner David Bains, supported by investment executive Josh McHugh. Both Peacock and Bains will join Bespoke’s board as non-executive directors alongside Chris Copestake as executive chairman.
Bespoke CEO Sam Tidball said the company was at a pivotal moment, with evolving consumer preferences and increasing demand for meat-free dining options. He added that LDC’s sector expertise and proximity would help Bespoke expand into new categories and markets while continuing to serve customers across the UK.
Peacock noted LDC’s long track record in food and drink investments and described Bespoke as a strong example of innovation and ambition in the sector. He said the business is well placed to capture health-conscious consumer demand and pursue acquisitions in a fragmented market.
Over the past decade, LDC has invested £403 million across 21 consumer businesses with a combined enterprise value of £900 million.
Source: Yahoo! Finance
