Fladgate advised Ocado on its recent investment into vertical farming start-up, Jones Food Company.
The transaction comprised a partial buyout of the seed investors and a further equity investment backing the management team.
Described as the world’s most advanced vertical farm, Jones Food Company has a 5,000 square-metre facility in North Lincolnshire, with LED-lit and hydroponically grown trays of herbs and salad ingredients stacked 17 high. The facility currently has the capability to supply produce for 11 million sandwiches a week.
This investment further strengthens Ocado’s expanding online and technology business.
Ocado Group PLC distributes a wide range of retail consumer products. The Company provides home delivery of a wide range of products including food and drink, toiletries and baby, household, pet care, and holiday products.
Fladgate team was led by Grant Gordon (Picture) and Jamie Hamilton, who were supported by associates Diana Mennie (corporate), Michelle Waknine (intellectual property), Caroline Philipps (employment) and Anthony Reeves (tax), and by trainees Thomas Edwards and Gerald Brent.
Involved fees earner: Grant Gordon – Fladgate LLP; Jamie Hamilton – Fladgate LLP; Diana Mennie – Fladgate LLP; Caroline Philipps – Fladgate LLP; Anthony Reeves – Fladgate LLP; Michelle Waknine – Fladgate LLP;
Law Firms: Fladgate LLP;
Clients: Ocado Group plc ;