Debt Advisory

AYMES International

Adviser to nutritional supplements manufacturer, AYMES International Limited, on its sister company’s acquisition from Ornua Ingredients UK Limited

The deal

FRP Corporate Finance and Debt Advisory teams were appointed by established nutritional supplements manufacturer, AYMES International Limited, to provide buy-side support to its sister company Allicio Nutrition Limited (“Allicio”) and assist with a debt financing package to support this £multi-million corporate carve out from Ornua, the Irish dairy group.

Established in 2013 with the goal of shaking up the healthcare industry, AYMES introduced a fresh and innovative approach to oral nutritional supplements by creating great-tasting and cost-effective nutritional products to support malnourished patients or those at risk of malnutrition.

The Ornua Nutrition Ingredients business in the UK is a leading supplier of blended nutritional powders and supplements to a high-quality customer base. Following the acquisition, the business has been rebranded to Allicio.

Our team led by Partners Andy DimmockMatthew Flower and Dave Edwards provided integrated debt advisory and corporate finance advice to founding shareholder and CEO Roger Wertheim-Aymes, and the management team at AYMES on the acquisition – agreeing a financing structure with Leumi ABL to structure the transactional funding.

Andy Dimmock, Debt Advisory Partner at FRP Corporate Finance, said: “FRP was delighted to provide integrated debt advisory and corporate finance advice to Roger and his team and wish Allicio every future success. It was also a pleasure to work with Martin Risman and the Leumi ABL team to structure the transactional funding, with the ABL facility generating significant liquidity to enable Allicio to drive the business forward and achieve its goals.”

Roger Wertheim-Aymes, CEO of AYMES and Allicio, commented: “FRP has a depth of experience and understanding of the debt markers and M&A process. This provided me and my team with invaluable support on what was a very complex transaction. We are absolutely delighted to have acquired the business and very much looking forward to driving the business forward with our new colleagues.”

Deal summary

Date:

February 2024

Sector:

Consumer & Retail

Deal type:

Buying a business, Acquisition Finance and Growth Capital raising, Asset Based Lending

Deal size:

Undisclosed

FRP was delighted to provide integrated debt advisory and corporate finance advice to Roger and his team and wish Allicio every future success. Andy Dimmock Corporate Finance

Related team

Andy Dimmock

Andy Dimmock

  • Partner
  • Debt Advisory
  • London

Matthew Flower

Matthew Flower

  • Partner
  • Corporate Finance
  • London

Dave Edwards

Dave Edwards

  • Partner
  • Debt Advisory
  • London