
What smart money is saying about Kitwave
1 fund in our archive has pitched Kitwave — most recently Ennismore European Smaller Companies Fund in September 2025.
Kitwave Group plc engages in the wholesale business in the United Kingdom. The company operates through three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers through a network of 6 depots. The Frozen & Chilled division offers ice creams, pizzas, chips, ready meals, and a range of chilled products. It serves independent convenience stores, leisure outlets, and UK wholesalers through a network of 10 depots. The Foodservice division provides frozen, chilled, and ambient food, as well as alcohol and soft drinks to independent traditional foodservice outlets, including bars, restaurants, and leisure outlets, as well as customers in the care home and education sectors through a network of 11 depots. The company was founded in 1987 and is headquartered in North Shields, the United Kingdom.
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Position history
Between Q3 2025 and Q1 2026, 1 fund letter reported a position in Kitwave — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q1 2026 | 1 | 0 | 1 | 0 |
| Q3 2025 | 0 | 0 | 0 | 1 |
Fund activity · 1 position · 1 move
- ExitedAtai Capital ManagementMarch 2026
“As mentioned in our last letter, Kitwave was acquired during the quarter and is no longer in the portfolio.”
Read the letterKitwave
Fund coverage · 1 thesis
- Ennismore European Smaller Companies FundSeptember 2025
Kitwave is a UK food distributor that presents a compelling investment opportunity due to its strong growth trajectory, competitive advantages, and recent market undervaluation following a profit warning, making it poised for significant returns amid ongoing market consolidation.
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