NVM invests £5m in CurrentBody

The deal will enable CurrentBody to pursue international expansion and support its working capital requirements.

The transaction is NVM's third deal of 2018, following the expansion deal for health and safety software provider SHE Software and the acquisition of a majority stake in emergency and backup energy system provider Dale Power Solutions. The latter represented the first investment made by NVM's maiden institutionally backed fund, NVM Private Equity Vintage III.

Company
Founded in 2009 and headquartered in Cheadle, Cheshire, Currentbody is an online retailer of consumer cosmetic devices such as hair removal products, skin toners and devices for the treatment of acne.

People
NVM Private Equity – Liam May (investment manager).
CurrentBody – Laurence Newman (CEO).

Advisers
Equity – Pannone, Tim Hamilton, Craig Geraghty (legal); Dow Schofield Watts, Jeff Gardner (financial due diligence); Sempora Management Consultants, Francis Prosser (commercial due diligence); Onefourzero, Fleur Hicks (IT due diligence); The Quinn Partnership, Mike Stiles (management due diligence); Intuitus, John Lowe, Ian McMillan (technology due diligence); Aon, John Donald, Gordon Shaw (insurance due diligence).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• NVM Private Equity
• Intuitus
• Dow Schofield Watts