Ideal Protein is a proprietary, ketogenic weight loss program that was developed over 20 years ago by physician Dr. Tran Tien Chanh. They engaged PwC Corporate Finance Inc. (“PwCCF”) and Jeffries & Co. as co-lead advisors in the sale of the business.
PwCCF and Jeffries ran an auction process, approaching several dozen strategic and financial investors globally. After a busy bidding process, Apax Partners, a leading global private equity advisory firm, ultimately presented the winning bid. As part of this true cross-border transaction, PwC also provided due diligence and sell-side tax services to Ideal Protein.
“We are thrilled to partner with the Apax Partners team and leverage their vast expertise in health care and other sectors,” said Olivier Benloulou, President and CEO of Ideal Protein. “As we continue to expand our clinic partnerships, enter new markets and work to help more individuals achieve their weight-loss goals, Apax’s resources and deep knowledge of health care services will be instrumental.”
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