Wed, 01 Mar 2017 | MBO/MBI
Private equity firm Maven Capital Partners has backed the £6.5 million management buyout (MBO) of Blackpool-based healthcare products supplier Healthpoint.
Maven said the MBO would allow Healthpoint to develop new products and penetrate new markets.
Established in 1996, Healthpoint supplies 300 healthcare and beauty product lines to the retail sector and is one of the largest suppliers of tertiary branded healthcare products in the UK.
Its range of branded products include Derma V10 and Clear and Simple and the firm also provides a range of over-the-counter medicines bearing the Healthpoint brand.
Amanda Parkinson, Healthpoint managing director, said: “We are passionate about delivering high quality products and excellent customer service to our growing customer base, and are delighted that Maven shares our vision for the business.
“We have plans to drive the value of our brands, increase the number of products across the whole product range, capture market share and also target overseas sales growth. ”
The investment will see Healthpoint develop around 30 new product lines in the next year, helping it drive organic growth and focus on a buy-and-build strategy.
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