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Bain Capital to acquire stake in 1440 Foods

1440 Foods has announced the signing of a definitive agreement for Bain Capital Private Equity to acquire a significant stake in the company, in partnership with existing investor 4x4 Capital. 1440 Foods will continue to be led by CEO Azania Andrews and her current management team. The company’s portfolio of healthy foods and supplements are designed to support muscle development, recovery and overall wellness goals. 1440’s portfolio includes multiple sports nutrition brands which produce protein bars, RTD beverages, powders and meal replacements. Azania Andrews, CEO of 1440 Foods, commented: “We are excited about this new phase of our growth journey. Our vision is to become the go-to choice for people seeking flavourful, functional, and convenient nutrition as part of a balanced lifestyle. Bain Capital shares our vision and their deep expertise supporting the growth of global consumer brands will help us to expand our product offerings reaching more consumers in more occasions and channels, building upon our strong momentum as a leading lifestyle nutrition company." Alex Medicis, cofounder of 4x4 Capital and chairman of the board of directors for 1440 Foods, said: “1440 Foods has gone from strength to strength since we acquired the business, with impressive revenue growth and substantially improved profitability. This achievement is a testament to how we support management teams to create value through top-line growth and operational excellence. We look forward to continuing to create value at 1440 Foods, in partnership with Bain Capital, as the 1440 Foods team accelerates its goals of shaping the future of ‘better for you’ snacking and meal replacements.” Financial terms of the private transaction were not disclosed. The transaction is expected to close in December, subject to customary closing conditions.

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