The Quercus team, led by Adrian Dray and Amanda Hall, advised the Board of HTC Group Limited, on the sale of the award winning specialist health and sport supplements business to MCI Health Investments Limited.
Headquartered in Watford, Hertfordshire and with operations in China, HTC is the UK’s premium bulk health supplements and sports nutrition supplier to both the High Street and on-line retailers.
MCI Health Investments Limited is the investment vehicle of a serial entrepreneur.
Adrian Dray, Partner at Quercus said:
“HTC is an excellent family run business that is the leading player in its field, delivering high quality products and services to the demanding retail market place. It is a testament to the team that throughout this sale process the business continued to secure significant new business from both existing and new customers.
The family recognise that now is the time to sell to a buyer who has the experience to take the business to the next stage of its exciting growth story. We are delighted to have delivered to the shareholders a great deal that will allow them to enjoy the benefits of all the hardwork and investment that both the current generation and the founder, Gerry Olohan, have put into the business. ”
Berenice Drury, shareholder and Chief Financial Officer added:
“When the family were approached with regard to the possibility of selling HTC, we needed an advisory firm that was dedicated to, and had a wealth of experience of, helping owner managers like ourselves sell their businesses. Quercus were recommended to us by our auditors and we are delighted that we chose them for this very important role. Adrian, who led the work, was totally committed and focused on achieving our objectives. He was always proactive in ensuring the deal was right for us, while at the same time carefully considering how the requirements of both parties impacted on the other to ensure that we and MCI Health consider from our respective positions that we each have a good deal.”