LONDON, November 8, 2012: Morgan Lewis has advised venture capital client Circadia Ventures on the formation of a £30 million global venture capital fund, named Tate & Lyle Ventures II LP. Global food business Tate & Lyle is the sole investor in the fund, which follows on the formation of Tate & Lyle Ventures I LP in 2006.
The new Fund will invest in startups and expansion-stage companies working on food sciences and technologies in line with Tate & Lyle's strategy to grow in speciality food ingredients.
The Morgan Lewis team consisted of Private Investment Funds partners Noel Ainsworth, William Yonge and Kate Habershon and associate Edwin De La Rosa.