PE Tech Report


Like this article?

Sign up to our free newsletter

LDC invests in Cakesmiths

Cakesmiths, an independent manufacturer and supplier of artisan handmade cakes, has secured investment from leading mid-market private equity firm and cake afficionado LDC to support the next stage of its growth journey.

Bristol-based Cakesmiths supplies its range to a number of independent customers across the UK through its direct-to-market online platform.
The business caters to a wide range of palates, including a broad vegan and very-low gluten range – plus it prides itself on exciting innovation and limited edition ‘small batch’ runs. Eight products received Great Taste Awards in 2021, including Billionaire’s Shortbread, Persian Love Loaf and Ultimate Carrot Cake. The company also uses industry-leading reusable and recyclable packaging to keep its products fresh when being transported to customers.
LDC is backing the management team – led by Managing Director Simon Harris and newly-appointed CEO Chris Ormrod – to continue to build on its success to date which has been made possible through its focus on creating a culture of involved employees, simply making great products.
As part of the transaction, FMCG sector expert David Garman, formerly of Associated British Foods and United Biscuits, is joining the board as Non-executive Chair.

Like this article? Sign up to our free newsletter