Grovepoint Capital
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Bradley Fried
United Kingdom
| Industry | Private equity |
|---|---|
| Founded | 2010 |
| Founder | Leon Blitz Bradley Fried |
| Headquarters | London, NW1 United Kingdom |
| Website | grovepoint.co.uk |
Grovepoint Capital is a private equity firm headquartered in London, United Kingdom.[1] It has additional offices in Israel.[1] It was co-founded by Leon Blitz and Bradley Fried in 2010.[1][2][3]
In 2013, it acquired a majority stake in Algatechnologies, an Israeli biotech start-up, at a value of $50 million.[4][5] In 2014 it acquired a majority stake in the sports nutrition company Grenade at a valuation of £35 million; in 2017 Lion Capital acquired a majority stake in the business from Grovepoint valued at £72 million.[6][7] In 2015 it bought Payzone UK from Duke Street.[8]
The firm has provided credit including a €25 million debt package to German retailer NKD and a £19 million funding line to the British caravan holiday company Pure Leisure Group.[9] In 2018 the credit arm of the business was renamed from Grovepoint Credit to Bantry Bay Capital.[10]
