yorktest Laboratories secure investment from Key Capital Partners
The future is looking very bright for yorktest Laboratories after investors Key Capital Partners (KCP) backed our management team this month in completing an MBO. The deal sees the Private equity house acquire a majority stake in the business for an investment of over £8m.
yorktest Chief Executive Officer Rachel Jansen said:
“KCP see the same opportunities that we do, they bought into our customer engagement programme and fully supported our plans to grow and develop the business and provide food intolerance sufferers with a well-established, proven solution.”
“We are immensely proud of the service we have developed over the years, and the impact our services have to improve the health and lives of many people every year. With 45% of people suffering symptoms of food intolerance and 3 out of 4 people reported feeling a benefit within 3 weeks of starting one of our dietary change programmes, we are only just scratching the surface of this huge issue.
“With greater understanding of the influence of diet on the body, and the interaction of certain ingredients to impact on conditions such as IBS, migraine and many other ailments, we are able to offer help to an increasing number of people and change their lives for the better,” she added.
James Hall, Partner at KCP, who led the investment team alongside Seb Wilkinson, will join the board of yorktest.
“This is a long-established business with a proven track-record and reputation for quality in the food intolerance testing market, and we see huge potential for growth both directly to consumers as well as continued expansion into the business to business channel” said Mr Hall.
“The firm’s success lies in its unique service and delivery model, as well as the quality and reproducibility of its scientific processes. The customers who look for support from yorktest are often recommended by their friends and colleagues who have seen their lives dramatically improved. This weight of support is a testimony to the robustness of the yorktest model and its management team’s constant focus on the customer” he added.