Private equity firm Beringea has sold its stake in casual dining group and healthy food operator Tossed as part of a management buy-out deal.
The existing management team, including founder Vincent McKevitt and financial director Neil Sebb has therefore taken over the ownership of the business with help from private investors for an undisclosed sum.
Beringea specialises on providing investments to company’s in growth industries. Since they invested in Tossed in 2010 it has helped the business open a further six sites with their portfolio now standing at 11.
The business offers smoothies, hot pots and other freshly prepared foods in addition to their signature tossed-to-order salads.