EMERGING Fund

BUYER’S EDGE PLATFORM Announces $425M Preferred Equity Investment

This announcement with Buyers Edge Platform of a $425M investment indicates the strength of the platform helping restaurant entrepreneurs reduce supply chain costs.   Since the company’s founding in 1998, Buyers Edge is made up of more than a dozen brands that provide food service customers with data, technology, buying power, and expertise.   

One of the early divisions of Buyers Edge is Consolidated Concepts.  John Davie and Mathew Focht are co-founders of Consolidated Concepts, the chain division for buyers edge platform founded in 2008.   They recently launched the EMERGING Fund in 2023, investing in Restaurant Technology and early-stage concepts.    

John and Mathew are focusing on helping entrepreneurs scale their companies as a growth equity Partner.   The edge they provide is experience and relationships that scale across the largest food & beverage network in the US.   Both Davie and Focht have shown a keen interest in deeply merging technology and the restaurant industry.   The EMERGING Fund has 70 investors mostly CEOs and Founders of some of the most successful companies in the food & beverage industry.   They have made 10 investments to date.  

Buyers Edge Platform Announces $425M Preferred Equity Investment Led by General Atlantic Credit’s Atlantic Park Fund, Alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value

Waltham, MA and New York, NY – April 8, 2024 – Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced a $425M preferred equity investment from a consortium led by General Atlantic Credit’s (“GA Credit”) Atlantic Park fund, alongside funds managed by Blackstone Tactical Opportunities (“Blackstone”) and investment funds managed by Morgan Stanley Tactical Value (“MS Tactical Value”). Buyers Edge Platform intends to leverage the new funds and partnership with GA Credit, Blackstone, and MS Tactical Value to support the execution of its continued growth initiatives, including platform innovation, strategic M&A, and European expansion. As part of the transaction, Bregal Sagemount, Buyers Edge Platform’s first institutional investor, will exit its minority stake in the business, and John Davie, Founder and CEO of Buyers Edge Platform, will increase his majority stake.

To read the full Press Release click here



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