Opus advises Jones Food Company on its equity raise

Category: Deal Announcement

Opus has advised vertical farming pioneer Jones Food Company (“JFC”) on raising growth capital, including further investment from existing shareholder Ocado.

JFC designs, builds and operates commercial scale vertical farms in the UK. The investment will be used to fund the next phase of JFC’s growth, including accelerating R&D and construction of JFC’s second farm, JFC2, in Gloucestershire. JFC2 is expected to be the world’s largest vertical farm with over 14,000m2 of automated growing space.

Stuart Schofield, Michael Mizon and Thalia Ilsen Nunn advised on the transaction, building further on Opus’ strong track record in the Energy Transition and Climate Change sector.