Apax Partners to buy a stake in weight-loss provider Ideal Protein
British private equity firm Apax Partners has agreed to acquire an interest in Ideal Protein, a Canadian proprietary weight loss and wellness solutions company. No financial terms were disclosed. Gatineau, Québec-based Ideal Protein has developed a comprehensive protocol for helping individuals achieve and maintain their weight-loss goals. Founded in 2004 by Dr. Tran Tien Chanh, it has partnered with more than 3,000 physician offices, medical clinics, multi-provider practices, chiropractors and pharmacies in Canada and the United States. The partnership with Apax, intended to support the acceleration of Ideal Protein's global growth, is expected to close in the coming weeks.
28 September 2015•4 mins read
