2020

CapVest has acquired Inspired Pet Nutrition, a portfolio company of L Catterton

Lincoln acted as buy-side advisor to CapVest, working closely with the team to navigate and secure a highly competitive auction, providing deep sector insights and strategic advice throughout. This transaction represents Lincoln’s fifth in the pet sector over the past three months, having previously successfully advised on the sales of Manna Pro to The Carlyle Group, Solid Gold to H&H Group, The Vet Connection to Pets at Home and Spectrum Brands on its acquisition of Armitage Pet Care.

Headquartered in Thirsk, United Kingdom, Inspired Pet Nutrition is an award-winning and long-established pet food manufacturer with brands including Harringtons and Wagg. Harringtons is one of the fastest growing pet food brands of scale and the leading dry dog food brand in UK grocery with a smaller fast growing wet offering.

The acquisition of Inspired Pet Nutrition will form the first element of a platform play in the pet food sector, building on CapVest’s significant wider sector experience, with previous and continuing food sector investments including Eight Fifty Food Group (Karro and Youngs), Valeo and United Coffee, among others.

Alex Masters, Managing Director at Lincoln International, commented, “I am thrilled to have advised CapVest on their majority investment in Inspired Pet Nutrition in partnership with the founding Page family and management. As a result of our strategic advice and extensive sector knowledge, we were able to help in securing a flagship asset in this space and a thoroughly exciting platform for further growth in this sector.”

Capvest IPN Inspired Pet Nutrition LCatterton 2020 Connect with a Senior Team Member
Lincoln’s extensive experience in the pet sector evidenced itself throughout the process. Lincoln’s lateral thinking, strategic advice and deep sector insights were considerably valuable in helping us secure our investment in Inspired Pet Nutrition, representing our first acquisition in this fast-growing sector.
Kate Briant
Senior Partner at CapVest

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