Harris Williams Advises Inspired Pet Nutrition Limited on its Pending Sale to CapVest Partners LLP
December 22 2020 - 7:56AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Inspired Pet
Nutrition Limited (IPN), a portfolio company of L Catterton, on its
pending sale to funds advised by CapVest Partners LLP (CapVest).
IPN is the largest brand-led pet food manufacturer headquartered in
the U.K. The transaction is being led by Will Bain and Ryan Budlong
of the Harris Williams Consumer Group, with support from Andreas
Poth, Konstantin Molinari and Michael Osborne.
“We continue to see phenomenal interest in the pet sector, and
IPN’s market-leading brands and truly differentiated platform have
made it particularly attractive to investors,” said Will Bain, a
managing director at Harris Williams. “The IPN management team has
successfully disrupted the U.K. dog food segment over the past
decade with their two award-winning and innovative brands,
Harringtons and Wagg. We look forward to watching their continued
success in the dog segment, as well as in the cat segment.”
Ryan Budlong, a managing director at Harris Williams, added,
“Building on our strong track record in the pet sector, we are
honored to have had the opportunity to work with the teams at IPN
and L Catterton on this transaction. IPN represents the third
branded pet food transaction that we have advised on in the past
month.”
IPN is an award-winning and long-established pet food
manufacturer, best known for its market-leading brands Harringtons
and Wagg. With a history dating back to 1923, IPN is a family run
business based in Thirsk, North Yorkshire. IPN is dedicated to
producing high quality pet food using high quality ingredients and
efficient manufacturing, making great pet food affordable for
everyone. Harringtons has significantly disrupted the market and
become one of the U.K.’s largest and fastest-growing dry dog food
brands. Alongside Harringtons and Wagg, IPN also produces high
quality own-label pet food for selected leading operators in the
grocery and pet specialty channels.
With over $22 billion of equity capital across its fund
strategies and 17 offices globally, L Catterton is one of the
largest and most global consumer-focused private equity firms in
the world. L Catterton's team of nearly 200 investment and
operating professionals partners with management teams around the
world to implement strategic plans to foster growth, leveraging
deep category insight, operational excellence and a broad
partnership network. Since 1989, the firm has made over 200
investments in leading consumer brands.
CapVest is a leading international investment firm with a long
history in the consumer sector across Europe. As an active and
patient investor, CapVest has established a strong record of
success in delivering attractive returns by working closely with
management in transforming the size and scale of its portfolio
companies through a combination of organic and acquisition led
growth.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including branded consumer products; consumer services; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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