Evergreen funding allows for a far greater diversity in funding options.

Below is just a selection of companies that have been able to grow and prosper with Perwyn PE and Perwyn Debt Capital.

Private Equity

Westerwood Global

Westerwood Global is a leading provider of support services to the semiconductor industry. The business delivers a broad range of maintenance and managed service solutions within and outside the cleanroom. Based in Ireland, the company currently employs c.400 employees across Europe and the US and serves some of the best known names in the sector. Perwyn invested in April 2019 in partnership with its founder and CEO Basil Holian with a view to support its ongoing rapid expansion.

Isla Délice

Isla Délice is the French market leader in halal processed meat. The Company has unrivaled distribution across France’s super and hypermarkets as well as specialised retailers. Isla Délice is headquartered near Paris and employs c. 200 people across 2 well-invested facilities. In July 2018, Perwyn acquired the Company from the Hertzog family and the financial investor IDI. Perwyn will support the transition of the business from the Hertzogs family to independent management and support its ongoing growth domestically and abroad.

Lowe Rental

Lowe Rental is a leading rental specialist for refrigeration units, catering equipment and temporary kitchens. Over its 40 year history the business has grown to become the global market leader supplying into a diversified blue chip customer base, primarily in major events, exhibitions and retail. The company is headquartered in Northern Ireland and employs c. 130 people across 9 offices on 4 continents. In March 2018, Perwyn invested into the business through an MBO led by CEO Rodney Lowry. With Perywn’s backing the business intends to accelerate its current growth, expand into new product areas and adjacent markets and invest into new equipment.

In August 2019, Lowe Rental acquired PKL, the UK-based leading supplier of temporary kitchens and catering equipment.

Add-ons completed: 1

Freshcut Foods

Freshcut Foods is a market leading provider of added value vegetables, fruits and carbohydrates to food manufacturers and food service operators in the UK. The Company is deeply integrated into the supply chain of its customers, offering a highly flexible service across a broad range of recipes, coupled with strong product innovation skills. The Company employs about 250 members of staff across two manufacturing sites near Nottingham. In February 2018, Perwyn invested in Freshcut Foods as part of a management buyout led by David Bondi and the incumbent team. The investment will support the Company in the next stage of its growth story as it supports its customers provide healthier products that consumers are increasingly seeking out.

Sumo Digital

Sumo Digital is a market leading third party video game developer led by its founding management team. Since inception in 2003 Sumo Digital has established strong and strategic relationships with the world’s leading major publishers including Sony, Microsoft and Sega. Sumo Digital is principally focused on the development of high-budget, large-scale AAA titles and is highly regarded in the industry for its track record in this space. The company is a 400 people strong organisation based in Sheffield with additional UK offices in Nottingham and Newcastle with international offices in Vancouver (Canada) and Pune (India).

In September 2016 Perwyn acquired Sumo Digital alongside the incumbent management team with the intention to support the team in its path to cementing its position as a worldwide leader in the independent video game developer space. Under Perwyn’s control the business has diversified its revenue streams, improved the governance structure, strengthened the management team and completed the bolt-on acquisition of AtomHawk, a leading digital art and design studio. In December 2017, Sumo Digital was admitted to the AIM market with a market capitalisation of £145m. Perwyn remains a significant shareholder and continues to be a strong supporter of the business.

Add-ons completed: 4

Mr Mallo

Mr Mallo is the Europe’s leading private label manufacturer of marshmallow confectionery products supplying customers in over 50 countries across Europe and beyond. In 2015 Perwyn acquired the business from its founding shareholder Willy Van Damme with the objective to continue its outstanding success. Perwyn will invest into Mr Mallo’s infrastructure in order to transition this owner managed business to its management and to lay the foundation of sustainable future growth. In July 2016, Mr Mallo acquired Marshmallows International, a Spanish marshmallow manufacturer with a business model complimentary to Mr Mallo’s.

Add-ons completed: 2

Growth Equity


Gousto is the UK’s leading supplier of subscription meal kits. The company utilizes automated production powered by data-science – offering its customers the most advanced value proposition in regards to choice, delivery options, short lead times, reduced waste and competitive pricing.
In July 2019, Perwyn led a £30m fundraising round to support Gousto’s expansion strategy and fund increased marketing campaigns

Debt Capital


Business: Water retailer / Efficiency adviser
Capital: £5m Equity and Debt
Structure of facilities: Minority Equity
Use of facilities: Growth Capital


Business: B2B technology led General Insurance provider
Debt Capital: Undisclosed
Structure of facilities: Debt
Use of facilities: Growth Capital

Feel Good Group

Business: Tanning Salons
Debt Capital: £13.5m
Structure of facilities: Growth Capital
Use of facilities: Increase of store estate and expansion


Business: Digital retailer vouchers and gift cards
Debt Capital: Undisclosed
Structure of facilities: Unitranche
Use of facilities: Management Buyout


Business: European Online Gaming business
Debt Capital: £10m
Structure of facilities: Unitranche
Use of facilities: Flexible funds to support M&A and business development


Business: UK provider of litigation financing of commercial claims
Debt Capital: £7.5m
Structure of facilities: Syndicated unitranche
Use of facilities: Flexible growth capital


Business: European solar PV plants
Debt Capital: €7.5m
Structure of facilities: Unitranche / Mezzanine
Use of facilities: Growth Capital