It’s Man Shakes all round at Australian buyout firm Pacific Equity Partners after it agreed to acquire a controlling stake in the weight loss product’s owner, Cranky Health.
It is understood PEP will invest in Cranky Health alongside its founder and the face of Man Shake, Adam MacDougall, a former representative rugby league player who set up the business a decade ago.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
