PAI Partners has acquired a majority share in Nutripure, a France-based supplier of sports nutrition and wellness products. The private-equity firm purchased the stake from fellow investor Ardian, who initially invested in Nutripure in 2022 in partnership with local investment bank Bpifrance.
Nutripure was founded by brothers Florent and Christophe Carrio in 2017, with the founders still retaining minority interests in the business. PAI Partners now holds a controlling share in Nutripure through its mid-market fund. According to Stefano Drago, a founding partner of the PAI fund, this partnership will support Nutripure in its next phase of growth, leveraging PAI’s expertise in the food and consumer industry to drive innovation in healthcare.
The online business offers a range of products in the sports nutrition sector, including protein powders, bars, porridge, granola, vitamins, supplements, probiotics, prebiotics, organic coconut oil, and ghee. With a scalable operating model and a digital marketing strategy, Nutripure has garnered over 200,000 subscribers, positioning itself as a leader in the health and wellness industry.
Florent Carrio expressed his enthusiasm for the partnership, highlighting Nutripure’s commitment to promoting a healthier lifestyle and empowering individuals to take better care of themselves. Arnaud Despoisse from Bpifrance commended Nutripure for becoming a market leader since their investment, while Frédéric Quéru from Ardian noted the company’s significant revenue growth.
The private-equity firm, with over €28bn in assets under management, boasts a diverse portfolio in the consumer space, including brands like Alphia, La Compagnie de Desserts, and Tropicana juices.
In conclusion, Nutripure’s partnership with PAI Partners marks a significant milestone in the company’s journey towards sustainable growth and innovation in the food and beverage industry.
