Apax invests in Ideal Protein

Apax Partners LLP said Friday it has agreed to invest in Ideal Protein. Financial terms weren’t announced. The founders, Dr. Tran Tien Chanh and Olivier Benloulou, will continue to have a significant stake. Ideal Protein, of Gatineau, Quebec, is a weight loss and wellness solutions company. Jefferies LLC advised Ideal Protein while BMO Capital Markets acted as financial advisor to Apax.

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