Praesidian Capital Europe said Monday that it provide a first lien debt loan to support Lonsdale Capital Partners’ investment in Nutrisure Limited. Bath, England-based Nutrisure supplies “superfoods” like acai and cacao, which provide antioxidants, nutrients, minerals, or vitamins. Nutrisure said it also named Alison Levett its CEO and Michael Stainer as Chief Financial Officer. Martin Kemp, Nutrisure’s founder, will remain a substantial shareholder.
LONDON–(BUSINESS WIRE)–Praesidian Capital Europe (“Praesidian”), which provides senior and subordinated debt along with growth capital predominantly to UK companies, announced today that it has provided first lien debt to support the investment into Nutrisure Limited (“Nutrisure”) by Lonsdale Capital Partners (“Lonsdale”), a private equity firm known for developing entrepreneurial companies into strong mid-market companies.
Nutrisure was founded in 2006 in Bath, England, by Martin Kemp, who remains a substantial shareholder. The company has grown rapidly to become the leading supplier of superfoods across Europe. Superfoods are products, such as acai and cacao, which are highly sought for providing antioxidants, nutrients, minerals, or vitamins. Nutrisure wholesales these superfoods, including a line of ayurvedic herbs, in powdered and liquid form along with prepared products under the Naturya brand.
In conjunction with the transaction, Nutrisure has appointed Alison Levett as Chief Executive Officer and Michael Stainer as Chief Financial Officer. The former is a 30-year veteran in building leading consumer brands. The latter had served with the company as consultant since September 2014. Martin Kemp will remain a substantial shareholder in the business, and his expertise in the sector will continue to benefit the business.
“Nutrisure has built an excellent reputation in a highly growth-oriented market,”stated Jason Drattell, Praesidian Founder. “We are excited about the opportunity to provide support for this investment and to work with them and Lonsdale going forward.”
According to Anthony Brennan, Praesidian Partner, “In our ongoing search for prospective investments, Nutrisure stood out as a company with excellent margins and strong cash generation. We also appreciated the breadth of talent that Lonsdale brings to its new role with the company. We hope this is only the first of many such alliances in the future.”
“We are very pleased to be working with Praesidian in this venture,” stated Ross Finegan, Partner at Lonsdale. “We see many complementary skills between our two organizations.”
About Praesidian Capital Europe
Praesidian Capital Europe is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to established lower middle market businesses in the United Kingdom, Germany, and selectively in Northern Europe. Praesidian invests in private small and mid-sized companies, often in connection with management buyouts, recapitalisations or refinancings. Praesidian manages nearly $1 billion in committed capital through various funds. For more information, visit www.praesidian.com.
About Lonsdale Capital Partners LLP
Lonsdale Capital Partners is a private equity firm which invests in growing businesses with an enterprise value of £10m to £50m across a variety of sectors in the UK and Europe. Launched at the beginning of 2010 by Alan Dargan (founder, Lansdowne Capital), David Gasparro (previously Head of Distribution, Threadneedle) and Ross Finegan (JP Morgan Partners), they work in close partnership with management teams and vendors to grow their franchises, providing the finance, expertise and contact base to help businesses reach their full potential. For more information, visit www.lonsdalepartners.com.