Bigvits lands big hits
BHP Corporate Finance is delighted to have helped Bigvits Limited acquire a majority stake in Dutch firm By Nature.
Bigvits is an online vitamins and supplements retailer that trades on a global scale and has a mission to become the largest independent distributor of quality vitamins in Europe. By Nature is a complementary business that sells health and supplement products across Europe and the Netherlands.
The strategic acquisition of By Nature will allow the combined businesses to build on their European footprint and target further growth across the EU. The deal was funded predominantly by European SME growth funder Caple, for whom BHP is an approved independent partner. This funding was supplemented with a stock loan from Floryn, existing cash resources and some vendor deferred consideration.
BHP’s multi-disciplinary team facilitated the transaction by providing Bigvits with transactional advice, financial modelling and funding support, tax structuring advice and financial due diligence on By Nature.
BHP also utilised its global Kreston network and introduced Bigvits to local tax advisors in the Netherlands who were able to provide specialist local tax advice.
Bigvits CEO, Will Brennand commented “BHP were instrumental in helping us make our first overseas acquisition, adding significant value throughout the transaction. Overall, we were delighted with the quality and breadth of services that were provided to us in a fully joined-up manner, and would not hesitate to recommend them. We look forward to working with BHP again very soon!”
Will Holmes led the BHP Corporate Finance team said “It was a pleasure helping Will Brennand and the Bigvits team on this strategic acquisition in the Netherlands. This was a great example of different services lines within BHP working together and helping deliver a transformational cross-border transaction for our client.”