Natural and organic consumer sector investor takes a 75.1% interest stake in the probiotic chocolate company
S-Ventures, which invests in brands in the natural and organic consumer sector, has acquired a 75.1% interest in Ohso Chocolate by issuing 3.2 million S-Ventures shares to Ohso Chocolate’s shareholders, worth around £295,400 at a price of 9p a share.
S-Ventures has given Ohso Chocolate’s founders, Andrew Marten and Liz Hallet, the option of exchanging their remaining 24.9% interest in Ohso Chocolate into shares of S-Ventures, contingent on the future financial performance of the company.
Woking-based Ohso Chocolate is a probiotic chocolate company promoting healthy snacking. Its products are created using a microencapsulation process which the company claims ensures a more effective delivery into the gut than liquid dairy alternatives. Ohso has established a direct-to-consumer subscription model and has relationships with some retail partners.
Ohso stated it will continue to develop its product range, grow its product lines, and consider partnering opportunities with other major brands to utilise its technology. The existing Ohso Chocolate team will remain in place and Marten will continue to be manging director of the company.
S-Ventures chairman David Mitchell said: “We very much look forward to working with Andrew and the team. The product has achieved great results and progress but together we believe we can grow faster and exploit opportunities more effectively in the healthy probiotic space.”
Date published: 19 February 2021