Home / Money / Gluten-free noodle firm Mr Lee’s Noodles to sell £5m stake

Gluten-free noodle firm Mr Lee’s Noodles to sell £5m stake

A healthy noodle firm founded by an entrepreneur with a life-threatening illness is poised to sell a stake in a deal that could value the business at £30million.

City sources said Mr Lee’s Noodles has hired advisers from Bluebox Corporate Finance to sell a £5million holding to fund expansion.

The firm was founded by Damien Lee in 2015 when he was diagnosed with stage-four chest and stomach cancer and given just a few weeks to live.

Mr Lee's Noodles has hired advisers to sell a £5million holding to fund expansion

Mr Lee's Noodles has hired advisers to sell a £5million holding to fund expansion

Mr Lee’s Noodles has hired advisers to sell a £5million holding to fund expansion

The technology entrepreneur realised that as well as undergoing chemotherapy, he had to adopt an ultra-healthy diet, but he craved instant noodles, his favourite ‘guilty pleasure’. 

That’s when he came up with the idea of revolutionising them by creating a gluten-free version. Since then, the company has grown rapidly.

Quorn owner Monde Nissim and Kellogg’s have been tipped as potential buyers of the stake.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

About admin

Check Also

INVESTMENT EXTRA: Put your trust in tech and back the American dream

There are just 87 days to go until the US election, and seldom have Americans …

Leave a Reply

Your email address will not be published. Required fields are marked *