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Praesidian Capital Europe Provides First Lien Debt to Support Nutrisure Investment

May 12, 2015, 07:06 AM
Filed Under: Nutrional Products

Praesidian Capital Europe, which provides senior and subordinated debt along with growth capital predominantly to UK companies, announced it has provided first lien debt to support the investment into Nutrisure Limited by Lonsdale Capital Partners, a private equity firm known for developing entrepreneurial companies into strong mid-market companies.

Nutrisure was founded in 2006 in Bath, England, by Martin Kemp, who remains a substantial shareholder. The company has grown rapidly to become the leading supplier of superfoods across Europe. Superfoods are products, such as acai and cacao, which are highly sought for providing antioxidants, nutrients, minerals, or vitamins. Nutrisure wholesales these superfoods, including a line of ayurvedic herbs, in powdered and liquid form along with prepared products under the Naturya brand.

In conjunction with the transaction, Nutrisure has appointed Alison Levett as Chief Executive Officer and Michael Stainer as Chief Financial Officer. The former is a 30-year veteran in building leading consumer brands. The latter had served with the company as consultant since September 2014. Martin Kemp will remain a substantial shareholder in the business, and his expertise in the sector will continue to benefit the business.

According to Anthony Brennan, Praesidian Partner, “In our ongoing search for prospective investments, Nutrisure stood out as a company with excellent margins and strong cash generation. We also appreciated the breadth of talent that Lonsdale brings to its new role with the company. We hope this is only the first of many such alliances in the future.”

Praesidian Capital Europe is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to established lower middle market businesses in the United Kingdom, Germany, and selectively in Northern Europe. Praesidian invests in private small and mid-sized companies, often in connection with management buyouts, recapitalisations or refinancings. Praesidian manages nearly $1 billion in committed capital through various funds.

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