Deal alert: Science in Sport plc

The Moore Stephens Corporate Finance team successfully advised Science In Sport Plc, an AIM quoted leading sports nutrition company headquartered in London, on the acquisition of PhD Nutrition Ltd, a manufacturer and distributor of their eponymous range of protein and sports nutrition products, for consideration of £32m on a cash free and debt free basis.

PhD is one of the UK’s leading protein brands with a reputation for high quality and innovative products aimed at sports enthusiasts and gym lifestyle consumers. PhD is an established a growing business with an international presence in over 45 countries across Europe, the Middle East, China and Australia. The Transaction will approximately double the size of SiS’s business and accelerate their ambition to become a global leader in premium performance nutrition. The enlarged group will deliver a wider product offering, provide broader consumer reach and greater international presence.

The Moore Stephens team, led by Marty Lau and supported by Ryan Biscomb, were appointed by SIS’s Board of Directors to provide financial due diligence services, working capital and transaction support. The Moore Stephens Corporate Finance team was chosen because of their experience in providing bespoke, reliable support to AIM quoted clients. Marty Lau, the lead partner of this project, commented: “We were very glad to be appointed by SiS to advise on the Transaction. This was a revolutionary transaction for SiS which substantially increases their market footprint. We were able to build upon our existing relationship with SiS by leveraging existing in-house knowledge of the business. This transaction showcases our ability to project manage a complex transactions on a tight timetable. We looking forward to continuing to support SiS as they carry on with their international expansion.”

To speak to a member of the team about the transaction please contact Marty Lau.

Leave a comment

 Security code