Freshly Chopped acquired by private equity group KnightBridge [Video]

Irish healthy food chain Freshly Chopped has been acquired by private equity firm KnightBridge after entering the Small Companies Administrative Rescue Process (SCARP) process earlier this year.

KnightBridge’s hospitality division said it would retain Freshly Chopped’s existing senior management and head office team, and that all existing franchises and the day-to-day operations of the company would remain the same.

The group is also preparing to make a “significant investment” in Freshly Chopped to “rejuvenate its branding and devise a new menu offering.” KnightBridge will outline its strategic plan to franchisees at an upcoming meeting.

Commenting on the deal Bock Liang, chairman of KnightBridge and co-founder of world food buffet chain COSMO Restaurants, said the firm has “ambitious plans” and is in “active acquisition mode,” with a particular interest in indigenous food brands.

The latest available accounts for Freshly Chopped Ltd show the company made a loss of €651,000 in 2022, and the company directors warned of “significant challenges” ahead.

“Whilst the directors …