Disposal of PhD Nutrition to Science in Sport plc

DATE
December 2018

TRANSACTION TYPE
Corporate Disposal

VALUE
£32 Million

SECTOR
Food & Beverage

Spayne Lindsay is delighted to announce that it has advised on the sale of PhD Nutrition (“PhD”) to Science in Sport plc (“SiS”), a leading sports nutrition company listed on AIM.

Founded in 2005 by Jason Rickaby and Mark Bowering, PhD has developed into one of the UK’s leading protein brands with a reputation for premium, high quality and innovative products aimed at sports enthusiasts and gym lifestyle consumers. PhD is UK-headquartered but also has an established and growing international business with a presence in over 45 countries across Europe, the Middle East, China and Australia. It has an experienced management team, led by Jason Rickaby, that has a track record of delivering consistent revenue growth and profitability. For the year ended 31 August 2018, it generated revenue of £21 million.

Colin Grimsdell, CEO of SportsPlatform, commented:

“Shareholders identified PhD as ‘non-core’ and appointed Spayne Lindsay in early 2018 to help prepare and sell the business. They proved to be an excellent partner for us and we’ve been delighted with their support throughout the process. Their tenacity, creative thinking and thoughtful advice were invaluable in getting to a successful conclusion, and their personal style and collaborative approach made them a pleasure to work with.”