Beach Point buys into UK's Fullers Foods, backed by $1B hybrid strategy
What's the deal? Beach Point Capital ManagementDealroom has a profile for this one. Try Dealroom → has made a buyout investment in Fullers Foods InternationalDealroom has a profile for this one. Try Dealroom →, a UK outsourced buying partner for retailers. The Santa Monica-based firm, which manages over $20 billion in assets, announced the deal on October 6, 2026.
Who's involved? Beach Point first got to know Fullers and its management team in 2022. The investment supported Quilvest Capital PartnersDealroom has a profile for this one. Try Dealroom → in meeting its liquidity goals, though Quilvest remains a stakeholder in the company.
What does Fullers do? Founded in 1871 and based in Leeds, Yorkshire, Fullers provides outsourced procurement and own-label program management for UK grocers. It supplies frozen food in own-label and branded formats, sourced from suppliers worldwide.
What's the endgame? The capital backs Fullers' next phase of growth as it builds out its outsourced procurement business. "Myself and the management team are really excited to partner with Beach Point on the next phase of our growth journey," said Kevin Smith, chief executive officer of Fullers.
Why it matters: The deal came through Beach Point's Hybrid Solutions strategy, which manages roughly $1 billion in capital and provides structured investments that sit in the middle of the capital structure. "We were able to support a high-quality middle-market business with a customized capital structure, which suited all of the Company's stakeholders," said Jay Takefman, co-head of the strategy.
The signal: The transaction follows Beach Point's recent sales of Smile America PartnersDealroom has a profile for this one. Try Dealroom → and E-Z Up Inc.Dealroom has a profile for this one. Try Dealroom →, pointing to steady momentum for a strategy built to back middle-market businesses with tailored, hybrid capital structures.
Read more: prnewswire.com
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