
CONVEX CAPITAL ADVISES PHD NUTRITION ON SALE
Convex Capital announces that it structured and led the multi million pound sale of the UK’s largest independent brands in sports nutrition, PhD Nutrition, to UK based B&B Investment Partners (‘B&B’). Neil Worsley, Andrew Clarke and Gareth Lewis who structured the deal that valued the business at 10x EBITDA and delivered 83% of the consideration on completion led the transaction; Senior VP, James Edge, and Managing Partner, Neil Worsley originated it. The transaction underlines Convex Capital’s excellence in advising sports nutrition brands and further emphasises the team’s ability to find great partners for their clients. It continues Convex’s unprecedented run of achieving double-digit EBITDA valuations for their clients. PhD is a leading and well-recognised brand in the fast-growing sports nutrition market. Jason Rickaby and Mark Bowering founded the company in 2005. PhD has developed a multi-channel distribution model, which includes e-Commerce, wholesale, retail and grocery. Key customers include Holland & Barrett, Amazon, Tesco and GNC. B&B is the manager of a specialised investment fund focused on consumer brands within the health and wellness, personal care, beauty and consumer healthcare sectors. Commenting on the sale, Neil Worsley, Managing Partner of Convex Capital, said: “Achieving results such as this for Jason and Mark is the reason why we get up the in the morning. The team at PhD Nutrition has built a great brand; the pressure was on to put together a great deal. B&B Investment Partners has the experience to take the business to the next level and we wish them every success.” Jason Rickaby and Mark Bowering, Founders of PhD Nutrition, commented: “The team at Convex added lots of value and made the process feel very smooth. Being like-minded made a huge difference for us.”
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RECORD YEAR FOR CONVEX
Corporate Finance advisers to entrepreneurs, Convex Capital closed out its financial year to 30 June 2016 with a record
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RBG Holdings plc has today announced the acquisition of Convex Group (Holdings) Limited
Rosenblatt Group plc, the professional services group, has today announced the acquisition of Convex Capital Limited, a
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CONVEX CAPITAL ANNOUNCES NEW PARTNER
Convex Capital, the global corporate finance boutique, announces that it has promoted Tim Marlow to Partner, with
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DEALS, DEALS, DEALS . . .
In the last 3 months the Team at Convex has completed 3 transactions with a combined value of $260m. The sale of
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LEDHUT.COM AND BATTERIES+ SHINE BRIGHT FOR INTERNATIONAL GROWTH
Convex team, Neil Worsley, Andrew Clarke and David Kandola originated, structured and led a deal to sell Ledhut.com to
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QU: WHO SOLD THE LARGEST E-CIGARETTE BUSINESS IN THE WORLD?
Answer: Convex Capital.We identified the e-Cigarette market as an area primed for M&A consolidation. We identified
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XXL RESULT FOR PROJECT LABEL
Convex team, Mike Driver, Tim Marlow and Gareth Lewis originated, structured and led a deal to sell Mainline Menswear
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GNC TO PUMP DISCOUNT SUPPLEMENTS FOR MORE GROWTH
Convex Team, Neil Worsley, Laura Kemp and Gareth Lewis have completed the sale of Discount-Supplements.co.uk to US
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CONVEX DEAL MAKES A SPLASH IN THE ONLINE BATHROOM SECTOR
A team led by Neil Worsley has led and structured the investment of ISIS Private Equity into online bathroom retailer
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KCP NAILS ITS COLOURS TO THE MAST
The Convex team has led the partial sale and investment by Key Capital Partners into mobile phone mast maintenance and