Charles Russell Speechlys advises Business Growth Fund on its investment in Revital
Charles Russell Speechlys has advised Business Growth Fund (BGF) on its investment in Revital, a London based multi-channel retailer of supplements, beauty and wellness products.
Revital Limited is a retailer direct to trade and consumers of health and wellness products including vitamins, minerals, supplements, food and pharmaceutical and beauty products. BGF is the UK’s most active provider of growth capital in small and mid-sized businesses, having invested £1.3bn in over 200 companies since 2011. Founded in 1991, family-owned Revital sells branded and own-brand products across a range of categories including; vitamins and supplements, food & drink, beauty and lifestyle. Revital is an established, premium brand in the health and wellness sector. The company’s customer service focus includes employing nutritional experts in every store. The business will use the funding to invest in its online channel, new product development and continued rollout of stores, in addition to supporting key hires within the team.
Jon Simon of BGF said: “Revital provides an exciting opportunity to invest in a premium health and wellness retailer, operating in a high-growth market, which reflects changing consumer lifestyles. We’re pleased to be supporting Rahil and Raj as they further develop the brand and multi-channel offering. Working with the Charles Russell Speechlys team is always a pleasure. They understand how we operate, dedicate the right resource and are helpful in finding solutions to get transactions completed.”
Head of Private Equity, Malcolm MacDougall, commented: “We were delighted to work with the BGF team on this investment, which is the seventh deal that we have advised BGF on. It is also exciting to be involved in the development and growth of Revital and is another example of the firm’s increasing volume of work with entrepreneurs and privately owned businesses in the retail sector.”
The Charles Russell Speechlys core team comprised Malcolm MacDougall, Amy Utley and Rob Birchall based in the firm’s London office, and Rebecca Burford, Nizmeara Khatun and Samuel Jenkins based in the firm’s Guildford office. The deal is a good example of the firm’s London and Guildford corporate teams working closely together.