Friska (a chain of healthy fast food restaurants) has secured £3m of private equity investment from YFM Equity Partners to support its plans to expand into new cities across the UK. The chain was founded in 2009 by Griff Holland and Ed Brown, and initially traded from a single site in central Bristol but now operates from a total of nine outlets in Bristol, Birmingham and Luton Airport.
The YFM investment was made alongside ongoing support from Santander and existing angel investors. As part of the deal, Steve Hill, former chief executive of Wagamama and current non-executive chairman of Pho, will join as non-executive chairman.
Roxburgh Milkins have been keen supporters of Friska since the chain was founded in 2009, and previously helped the company secure £1.25m of angel investment in 2014. Phil Edmonds and Charles van der Lande provided legal support this time around.
"Working with Phil, Charles and the whole team at Roxburgh Milkins was an absolute blast from start to finish; they also added a great deal of value throughout the whole fund raising process. They are commercially astute, professionally accomplished and extremely personable. As a team they are straight forward to work with and pragmatic, which removes a lot of the tit-for-tat that is often associated with legal wranglings towards the end of the deal process.
We were delighted with the process and, more importantly, the outcome. We look forward to working with them again on the next stages of Friska's journey and wouldn’t hesitate to recommend them to others engaged on the fund raising rodeo!"
Ed Brown, co-founder of Friska
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