Alliance Boots today announces that it is establishing a specialised investment fund, B&B Capital Partners, focused on small and medium sized consumer brand businesses within the health, wellness, beauty and personal care sectors.
The fund will be managed by B&B Investment Partners, a new partnership between Alliance Boots and the two principals of B&B Investment Partners, Chris Britton and Jean-Philippe Barade.
Stefano Pessina, Executive Chairman, Alliance Boots, commented: “The new fund will provide talented entrepreneurs with financial, strategic and specialist commercial support to help them unlock the growth potential of their businesses, while further accelerating the flow of innovative products into our international retail network.”
B&B Investment Partners – the principals
Chris Britton, who has been a non-executive Director of Alliance Boots since June 2008, is a non-executive Director of DS Smith. Previously, Chris was non-executive Chairman of Ella's Kitchen and Chief Executive Officer of the Findus Group, and before that Executive Board Member and President of baby food for Numico. He also worked for Diageo in various marketing and general management positions.
Jean-Philippe Barade has spent his entire career in private equity and investment banking. He was previously a Managing Director at Morgan Stanley Private Equity. Prior to that, Jean-Philippe was a Principal at Permira where he was focused on investments within the consumer, retail and leisure sectors across Europe and sat on the board of Birds Eye Iglo.
About Alliance Boots
Alliance Boots is a leading international, pharmacy-led health and beauty group delivering a range of products and services to customers. Working in close partnership with manufacturers and pharmacists, we are committed to improving health in the local communities we serve and helping our customers and patients to look and feel their best. Our focus is on growing our two core businesses: pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution, while increasingly developing and internationalising our product brands.
Alliance Boots has a presence in more than 25* countries and employs over 108,000* people. Alliance Boots has pharmacy-led health and beauty retail businesses in nine* countries and operates more than 3,100* health and beauty retail stores, of which just over 3,000* have a pharmacy. In addition, Alliance Boots has around 605* optical practices, of which around 190* operate on a franchise basis, and around 390* hearingcare practices. Our pharmaceutical wholesale businesses deliver over 4.6 billion* units each year to more than 170,000* pharmacies, doctors, health centres and hospitals from over 370* distribution centres in 20* countries.
In June 2012, Alliance Boots announced that it had entered into a strategic partnership with Walgreen Co., the largest drugstore chain in the US, to create the first global pharmacy-led, health and wellbeing enterprise.
* Figures are approximations as at 31 March 2013 and include associates and joint ventures.
For further information, please contact:
B&B Investment Partners:
+44 (0)207 022 6660
Yves Romestan/Laura Vergani/Katie Johnson, Alliance Boots: +44 (0)207 980 8585
James Murgatroyd/Katie Lang/Yim Wong, RLM Finsbury: +44 (0)207 251 3801
Full press release as PDF - 20 September 2013