Legal & General has invested £250 million in Magnavale Ltd. to enhance its private credit portfolio and support critical cold storage infrastructure for the UK's food supply chain.

Information on the Target

Magnavale Ltd. is a prominent UK-based provider specializing in temperature-controlled storage and value-added services tailored for the food industry. With four strategically positioned cold storage facilities, Magnavale plays a vital role in ensuring that food supply processes can effectively manage seasonal demands and unexpected supply disruptions. This capability is increasingly important as it supports the UK's food security amidst a backdrop of unpredictable climate conditions, escalating population growth, and geopolitical tensions.

The company offers a comprehensive suite of services, including blast freezing, up-tempering, contract packing, datecoding, labelling, and export services, all aimed at optimizing the cold chain and reducing operational complexities for food manufacturers, retailers, and suppliers. Notably, Magnavale has recently opened the UK's largest single cold store, located at its Easton site, which boasts 101,000 fully automated pallet positions. Furthermore, the company has made significant investments in upgrading its existing facilities to enhance energy efficiency and network capacity, exceeding a combined total of 350,000 pallet positions across all sites.

Industry Overview in the UK

The United Kingdom's cold storage and logistics industry is critical due to its influence on food security and waste reduction. With a growing population and shifting climate patterns, the demand for efficient cold