Houlihan Lokey Advises Gousto

Houlihan Lokey is pleased to announce that SCA Investments Ltd. (Gousto, or the company), has completed a growth financing. The transaction was completed on 3 October 2023. 

Gousto is a leading meal kit provider and a widely recognised brand. The company offers its customers high-quality recipes consisting of fresh and seasonal ingredients from a continuously changing weekly menu, promoting simpler, healthier evening meals for consumers, while significantly reducing food waste.

Founded in 2012, Gousto is the No. 1 recipe box for choice (based on recipes available per week) in the UK.

The successful growth financing will provide the company with substantial liquidity to maintain its growth plans and build out its constantly evolving customer proposition.

Jim Buckle, CFO of Gousto, said: “Houlihan Lokey’s knowledge of capital markets and their extensive network proved highly valuable in our most recent refinancing, helping us secure additional growth capital on competitive terms, in what remains a challenging backdrop to raise new money.”

Houlihan Lokey was appointed to pursue a refinancing of the business to provide liquidity to recapitalise the balance sheet and fund future growth. The firm acted as the exclusive financing advisor to Gousto to arrange, structure, and negotiate the financing package while providing overall project management capabilities.