NVM Private Equity
About the Client
Co-founded by Laurence Newman and Andrew Showman in 2009, CURRENTBODY.com is a website specialising in beauty devices for home use. Home to some of the biggest brands, including L’Oreal’s market leading Clarisonic, NuFACE, SmoothSkin, Tria, Wellbox, FOREO and more, CURRENTBODY are leaders in this niche area of beauty. With a live web chat function to give personal expert advice, experienced customer support staff, and a range of ‘how to’ videos and rich content, CURRENTBODY offers a large selection of clinically proven electrical health and beauty products.
About the deal
GP Bullhound acted as the exclusive financial advisor to CURRENTBODY.com on its growth equity investment from NVM Private Equity. This represents GP Bullhound’s 6th transaction in 2018 and further demonstrates the firm’s continued work with category leading businesses in the ecommerce and online marketplace sectors, following on from other significant transactions including the sale of Autotrader SA to OLX (part of Naspers), Anumex to Schibsted and fundraisings for Avito, Zuto and Delivery Hero.
Founder and CEO of CURRENTBODY, Laurence Newman, said: “GP Bullhound was instrumental in securing the best deal for the business. Thank you to Nick and Ed who have provided expert guidance and advice throughout the process. GP Bullhound have proven to be the ideal partners as we embark on the next phase of our journey.”
Nick Horrocks, Director at GP Bullhound, commented: “We are proud to have advised CURRENTBODY at this pivotal growth stage in the company’s history. The business is a clear market leader in a fast and rapidly expanding market, with an exceptional management team and strong metrics – we look forward to supporting the company as it continues to scale.”