We are delighted to provide details of our realisation of leading e-commerce company CurrentBody.
CurrentBody is an online marketplace for at-home beauty devices, working with leading brands and expanding internationally from its regional headquarters in Manchester, UK. Having first invested in 2018, NVM successfully exited CurrentBody through its listing on the London Stock Exchange as The Beauty Tech Group plc in October 2025 generating a 7.6x MOIC.
Key highlights:
-
Sourced locally through NVMs regional origination channel in Manchester.
- Category leader in at home beauty tech; focus on own brand devices scaled during the investment period, strengthening unit economics and brand equity.
- Clear value enhancements to platform and earnings through investment in management, upgrades to e-commerce technology stack, scaling of e-commerce strategy.
- Significant international expansion under NVM’s stewardship, including a China JV and targeted roll‑outs in priority overseas markets supported by local partnerships.
- Phased pathway to liquidity: partial realisation in 2021 via secondary buyout to eComplete, culminating in a 2025 LSE listing as The Beauty Tech Group plc.
Outcome:
- 7.6x return on investment and 53% IRR, reflecting value creation through strategic transformation and internationalisation.
