Momentum advises Forthglade management in secondary buyout backed by IK Partners

We thoroughly enjoyed working with Momentum.  Management buyouts are, by their nature, complex transactions and we were delighted to have Rob and the team alongside us as our independent advisors throughout this transaction.

They worked seamlessly with both buy and sell side teams, helping move the deal forwards. They listened to each individual manager’s objectives and, using their experience and knowledge in structuring private equity transactions, they were able to guide us through to the right deal.  We would not hesitate in recommending them to any management team considering a transaction of this nature.

Congratulations to Gerard, Chris and the whole Forthglade team in the successful completion of their secondary buyout backed by IK.  We are delighted to have been able to advise management on this transaction.

Forthglade is a rapidly growing consumer branded business led by a high-calibre management team and we are confident that it will continue to thrive alongside its new backer.  This deal highlights that, despite the current macroeconomic uncertainty, there is still strong private equity appetite for high-quality assets such as Forthglade.

Momentum has over 15 years’ experience of advising management teams in situations such as these, with our dedication, expertise and ability to deploy senior resource making us an ideal choice of management advisor.

It has been another successful summer for Momentum with three deals completed in rapid succession.  We are passionate about working with high quality businesses and it has been very pleasing to complete deals across a range of sectors, despite the challenging circumstances caused by COVID-19.

Forthglade is an excellent business and a great fit for our investment strategy. We have been very impressed with the achievements of Gerard, Chris and the rest of team in growing the business in recent years, and we are delighted to be backing them in the first investment made by IK’s new UK investment team.

The market for natural pet food in the UK is particularly strong and resilient, and we see significant further growth potential for Forthglade in the UK and beyond in the years to come. With our strong track record in supporting growing food production and animal health companies, we look forward to similar success with Forthglade.