Grovepoint Capital: Difference between revisions

In 2013, it acquired a majority stake in [[AlgaTechnologies, Ltd.|Algatechnologies]], an Israeli biotech start-up, at a value of $50 million.{{Cite web |date=2013-02-10 |title=Grovepoint buys control of Algatechnologies at $50m company value – Globes |url=https://en.globes.co.il/en/article–1000820990 |access-date=2023-09-13 |website=en.globes.co.il |language=en}}{{Cite web |last=Favas |first=Matthieu |date=2013-09-21 |title=Grovepoint invests in Israeli microalgae |url=https://www.privateequityinternational.com/grovepoint-invests-in-israeli-microalgae/ |access-date=2023-09-13 |website=Private Equity International |language=en-GB}} In 2014 it acquired a majority stake in the sports nutrition company Grenade at a valuation of £35 million; in 2017 [[Lion Capital LLP|Lion Capital]] acquired a majority stake in the business from Grovepoint valued at £72 million.{{Cite web |last=Devlin2017-03-06T12:00:00+00:00 |first=Ed |title=Grenade snapped up by Lion Capital in £72m deal |url=https://www.thegrocer.co.uk/mergers-and-acquisitions/grenade-snapped-up-by-lion-capital-in-72m-deal/549436.article |access-date=2023-09-13 |website=The Grocer |language=en}}{{Cite web |last=foodmanufacture.co.uk |date=2014-02-26 |title=Multi-million pound sale of sports nutrition firm Grenade |url=https://www.foodmanufacture.co.uk/Article/2014/02/26/Sports-nutrition-firm-Grenade-s-sale-prelude-to-explosive-growth |access-date=2023-09-13 |website=foodmanufacture.co.uk |language=en-GB}}