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What smart money is saying about KitwaveUnited Kingdom flag

KITW.L · Consumer Defensive · Food Distribution

1 fund in our archive has pitched Kitwave — most recently Ennismore European Smaller Companies Fund in September 2025.

Company profile

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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1
Reported positions
0
Bought
1
Sold
2
Letters

Position history

Between Q3 2025 and Q1 2026, 1 fund letter reported a position in Kitwave1 trimmed or exited.

Fund letters reporting a position in Kitwave, by quarter
QuarterLettersBoughtSoldTheses
Q1 20261010
Q3 20250001

Fund activity · 1 position · 1 move

  • ExitedAtai Capital Management
    March 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 Fund
    September 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.

    Read the full thesis

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