Blackpool supplier of beauty products acquired by European firm
A Blackpool supplier of healthcare and beauty products has been sold for an undisclosed sum to a Netherlands business.
Healthpoint, which was established in 1996, supplies to the retail sector and has created a niche in the affordable personal care and beauty market, developing alternatives to market leading brands.
The business has also built up its own portfolio of branded products, including the ‘Derma V10’ and ‘Clear & Simple’ and are sold across a range of well known high street retailers including Home Bargains, Savers, Superdrug and Bodycare.
The business has been acquired by Dayes B.V from investor, Maven Capital Partners, in a deal that has generated a 3.1x return for Maven clients.
Maven completed the management buy-out of Healthpoint in 2017, funded through Maven’s co-investment network for professional clients ‘Maven Investor Partners’.
The investment enabled the business to fund further product development, launch several new product lines, and drive organic growth.
Ryan Bevington, Partner at Maven, said: “Since Maven’s investment, Healthpoint has established its reputation as a leading provider of tertiary branded products into UK retailers.
“It has been great to work with Amanda and her team over the last 5 years, who have delivered on their objective of expanding Healthpoint’s customer base and product range. We look forward to seeing them continue that growth under new ownership.”
Amanda Parkinson, Managing Director at Healthpoint said: “It has been a pleasure to work with Ryan at Maven and private investor Robin Womersley.
“It has been reassuring to have supportive investors over the last 5 years assisting the business in it’s continuous growth, and we look forward to working with Dayes in the future”.
KPMG advised the shareholders (Jonathan Boyers, Richard Stark, Hannah Halstead, Klara Skopac), with legal advice from Ward Hadaway (Adrian Ballam, Olivia Brown, Sam Walker) and vendor financial due diligence provided by Mazars (Tarifa Simpson, Tom Hargreaves)
Clearwater International advised Dayes B.V. (Richard O’Donnell, Will Arnold, Louise Hooper, Joe Savage), with legal advice from Squire Patton Boggs (Paul Mann, Hannah Crosland, Sarah Hardman), financial due diligence provided by EY (Teun Breen, Carel van der Linden) and tax due diligence provided by BHP (Fletcher Adamowicz, James Houseman, Chloe Radcliffe-Scott).