Maven backs £6.5m buyout of Healthpoint

The deal's capital was raised through Maven's co-investment network and supported by a Barclays financing package consisting of buyout debt and working capital.

Healthpoint's fresh funding will be deployed in support of developing new products and driving organic growth. In a statement, Maven said the company would also consider a buy-and-build strategy with follow-on funding available for bolt-ons.

Company
Headquartered in Blackpool, Healthpoint is a manufacturer of personal care and beauty products.

In addition to its personal care and beauty portfolio, the company also sells over-the-counter medicines under the Healthpoint brand. It expects to expand this product line after Maven's investment.

People
Maven Capital Partners – Ryan Bevington (investment director).
Healthpoint – Amanda Parkinson (managing director).

Advisers
Equity – UNW, Paul Kaiser, Katy Lamb, Stephanie Davidson (corporate finance, tax); Gately, Paul Jefferson, Katie Porter (legal); RPL (commercial due diligence); Vista (insurance due diligence).

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• Topics
• Buyouts
• Consumer
• UK / Ireland
• United Kingdom
• Maven Capital Partners