Submission Date: 17/05/19
Completion Date: 02/04/19
Target: HTC Group. The target is a diverse business, which primarily acts as a wholesaler of bulk supplements in the UK, specialising in health and sports nutrition.
Acquirer: MCI Health Investments Limited
Value (where disclosed): confidential
Deal Description: Adam Dowdney, Partner and head of IBB’s Corporate Commercial team, led the IBB team advising the shareholders of HTC Group (“Sellers”) on their disposal of the entire issued share capital of HTC Group Limited and its wholly owned subsidiaries, HTC Health Limited and HTC (Far East) Limited, to MCI Health Investments Limited (“Buyers”). HTC Group is a diverse business, which primarily acts as a wholesaler of bulk supplements in the UK, specialising in health and sports nutrition.
Legal Advisers: The Sellers were advised by IBB Solicitors – Adam Dowdney, Michelle Waligora (Solicitor), Azra Yousuf (Trainee Solicitor), Jeenna Atwal (Trainee Solicitor), Laura Jarrold (Paralegal) of the Corporate Commercial team, Richard Devall (Partner) of the Employment team and Felicity Barratt (Solicitor) of the Real Estate team.
The buyers were advised by TLT LLP.
Financial Due Diligence: Grant Thornton LLP
Commercial Due Diligence: N/A