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Cowgills advise YFM and its management on the buy out of The Protein Works

YFM Equity Partners, the specialist private equity fund manager has backed the MBO of The Protein Works from B&B Investment Partners.

Founded in 2012, The Protein Works is a direct-to-consumer sports nutrition business that sells a wide range of protein powders, snacks, supplements and foods, manufactured at their 34, 000 square foot facility in Runcorn, Cheshire. The business has won several awards including New Business of the Year 2014 at the National Business Awards.

The company has enjoyed sustained period of growth, buoyed by the development of a leading vegan range, unique snack from its in-house protein bakery and best of breed flavours. It now expects to reach £13 million of sales this year.

The business is run by CEO Mark Coxhead, who co-founded the business and Marketing Director Laura Keir. As part of the transaction, Arvin Ghoora will join the business as Finance Director. The team plan to make further board appointments in the coming months as the business gears up for further growth.

Our corporate finance director, Sam Davies, advised YFM and its management. He said, “Mark and his team have rapidly built TPW into a leading premium sports nutrition brand, the partnership with YFM matches the team’s growth ambitions. The management team met a number of equity partners but had a strong cultural fit with YFM which has an excellent track record support MBOs and consumer sector deals. The team have been a pleasure to work with and we look forward to continuing to support them as an independent business”.

Andy Thomas, partner at YFM commented: “The Protein Works is ideally places to serve customers seeking to make protein and other healthy supplements part of their everyday lifestyles. The team have developed an exciting proposition that consumers can trust, and we’re looking forward to working with them to grow the brand, both in the UK and globally. YFM is delighted to be part of The Protein Works team.”

Mark Coxhead, co-founder and managing director added: “It’s a very exciting time at The Protein Works as we embark on a new phase of expansion. The brand’s premium range of products have been well received in the diverse market and cultures around the world, illustrating its incredible potential. Partnering with YFM will help us make this unique brand truly global and give million more the opportunity to snack healthy on everything from Protein Crunkies to Loaded Nut Butters”.

Disclaimer

The information was correct at time of publishing but may now be out of date.

Corporate Finance
Posted by Sam Davies
7th June, 2019
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