
Pembroke sold its stake in Plenish, the award-winning plant-based milks and plant-powered juice brand, in May 2021. The innovative beverage brand, which was one of our earliest investments in 2013, was acquired by Britvic to boost its plant-based drinks portfolio and cater to the growing demand for healthy and nutritious juices.
Plenish was founded in 2012 by Kara Rosen who after moving from the US saw a gap in the UK market for cold pressed juices with no added sugar. The company’s product offering has since grown to offer a range of plant-based milks and plant-powered juices, that are now widely stocked at major supermarkets. Plenish achieved B Corp status in 2020 and became the first plant-based drinks brand to be carbon negative.
Date of exit | May 2021 |
Pembroke investment | £3,900,000 |
Pembroke proceeds | £8,900,000 |
Return | 2.3x |
