Deal typeCapital Markets & Transaction Services
IndustryManufacturing & Retail & Consumer
Sub-industryConsumer & Food and drink & Retail
Client nameApplied Nutrition Plc
BDO supported Applied Nutrition with IPO readiness advice and subsequently acted as reporting accountant on its £350 million Main Market IPO in October 2024.
Applied Nutrition is a leading sports nutrition, health and wellness brand which formulates and creates health and wellness products.
The Company successfully raised £157.5 million through an oversubscribed placing, giving the Company a market capitalisation on admission of approximately £350 million, and providing capital to expand product lines, invest in R&D, and enter new markets, driving long-term growth and strengthening market position.
At the time of listing, the deal was the second largest IPO of 2024.
The BDO project team included:
Simon Hall, Graham Elsworth, Ryan Biscomb, Alistair Kelsey, Toby Ankers, Amy Banister, Karishma Nagar and Hannah Ibrahim (Deal Advisory - Transaction Services)
Hilary Sharpe, Nathan Hughes and Harry Gosling (Tax)
Mark Langford, Conor Pattison and George Taylor (Audit)
Applied Nutrition is a leading sports nutrition, health and wellness brand which formulates and creates health and wellness products.
The Company successfully raised £157.5 million through an oversubscribed placing, giving the Company a market capitalisation on admission of approximately £350 million, and providing capital to expand product lines, invest in R&D, and enter new markets, driving long-term growth and strengthening market position.
At the time of listing, the deal was the second largest IPO of 2024.
"We were delighted to support Applied Nutrition Plc on its Main Market IPO. This is a great example of an entrepreneurial British business successfully accessing capital markets, and hopefully a sign of the start of renewed capital markets activity.
It was especially satisfying to have supported the business for over a year, throughout its journey, including with IPO readiness advice as the management team assessed its options up front.
We wish the company every success going forwards and look forward to continuing to work with them."
Simon Hall, Partner, BDO LLP
The BDO project team included:
Simon Hall, Graham Elsworth, Ryan Biscomb, Alistair Kelsey, Toby Ankers, Amy Banister, Karishma Nagar and Hannah Ibrahim (Deal Advisory - Transaction Services)
Hilary Sharpe, Nathan Hughes and Harry Gosling (Tax)
Mark Langford, Conor Pattison and George Taylor (Audit)