Clairfield advises LifeCare Europe in growth capital raise from a private investor consortium

Headquartered in Copenhagen, LifeCare Europe is a family-owned business with 26 employees that has acted as the European distributor for the science-based US vitamin brand, Life Extension® since 1995. LCE’s offering contains more than 500 study-based supplements targeted at 24 specific health category goals. In addition to the Life Extension® US brand, LCE also acts as exclusive licensing and distribution partner to Quicksilver Scientific®, a specialist in liquid dosage forms. In 2022, LCE generated approximately EUR 15 million in sales, predominantly through D2C channels (web shop, Amazon) to a European customer base while enjoying excellent product reviews and strong customer loyalty.

LCE developed a growth business plan designed to boost both LCE’s online brand awareness and sales as well as to develop “brick-and-mortar” sales channels in specific European markets.

A joint German/ Danish project team at Clairfield was appointed to manage this targeted capital raise from a carefully screened group of potential investors.  As a crossborder specialist in healthcare, Clairfield was able to pull together an experienced Danish family shareholder, significant nutritional supplement sector know-how, and the correct team and investor mix to craft such a transaction. This process included the preparation of investor materials, moderation of meetings, management of due diligence and support in contract negotiations.

Ultimately, the team assembled a small, private investor consortium with experience in the consumer healthcare and medtech distribution sectors. The private investor consortium has elected to remain anonymous.

Brian Friis, MD of LCE says: “With this consortium of sector-savvy private investors, our desire for “smart money” – i.e. additional growth capital paired with sector competence and appropriate personal chemistry, has been entirely fulfilled. We are thrilled to commence our next phase of growth while maintaining our DNA as a family business that sells the best science-based supplements in the world.”