Pharmacist with medicine

Admission: Wellnex Life Plc

Paul Blythe
21/03/2025
Pharmacist with medicine
£5.22 million placing and admission to trading on AIM.

Wellnex Life Plc (Wellnex) is an Australian incorporated company based in Melbourne, Victoria, that focuses on developing, licensing, marketing and distributing consumer healthcare and pharmaceutical products. These products are available through leading retailers and wholesalers across Australia, including Coles, Woolworths, Chemist Warehouse, Sigma and Symbion. One of the Company's brands 'Mr Bright', is also available in the UK through retailers Superdrug and TK Maxx. Wellnex was officially listed on the Australian Stock Exchange 14 March 2017.

Wellnex’s business focuses on bringing innovative brands and products to the growing consumer healthcare market. Its products are available in all major pharmacy and grocery retailers in Australia. This has enabled the company to build strong partnerships with major players in the industry, including Australia’s largest pharmacy retailer, Chemist Warehouse, and Haleon plc, one of the world’s leading consumer healthcare companies. Wellnex procures the manufacturing of its products for distribution by third parties, including Haleon plc (formerly part of the GlaxoSmithKline group), and Arrotex Pharmaceuticals Pty Limited, Australia's largest generic over-the-counter medicine company.

Crowe's role and team

Crowe acted as reporting accountant on the transaction, with the capital markets team led by Paul Blythe, Ferdia McCarville and Jon Peña. The tax due diligence was undertaken locally by Crowe Australia (an affiliate of Findex), led by Anthony Patrk and David Penpraze.

Client quote

"Crowe’s Capital Markets team offered us valuable support and advice on our AIM admission and the Board appreciated their commercial and professional approach. The Group’s placing and admission to AIM offers us an exciting opportunity for expansion. We would highly recommend Crowe to companies looking to perform secondary listings in London."

George Karafotias, CEO, Wellnex Life Plc

Our recent deals

Insert Clear Filter Text
loading gif
Close up of lock keys
Admission: Chaleit Holdings plc (AIM)
Crowe acted as Reporting Accountant on Chaleit Holdings plc's £2.1 million placing, subscription and admission to trading on AIM.
Oil rig at sunset
Admission: 1947 Oil & Gas PLC
Crowe provided reporting accountant services for 1947 Oil & Gas Plc's acquisition of Renaissance Offshore LLC and AIM admission.
An engineer in a security vest and hat inspecting a site
Sale: Plantexpand Limited
Crowe provided sell-side transaction support to Plantexpand on its sale to Premius Capital.
Woman and man looking at large screen with data
Acquisition: Just Welfare Limited
Crowe acted as financial due diligence and tax due diligence advisors to Acquisan Limited.
Female-worker-with-hi-vis-and-clipboard
Sale: Just Welfare Limited
Crowe acted as lead advisors to the shareholders to Just Welfare Limited.
Blue bridge
Acquisition: Frenkel Topping Group plc
Crowe acted as financial and tax due diligence adviser to Harwood, and also provided tax structuring advice.
person-walking-down-curved-stairs
Acquisition: Astra Holding Group Limited
Crowe provided financial and tax due diligence services to Astra on its acquisition of DNH.
two ladies chatting with laptop
Investment: Ivy House Learning Ltd
Crowe completed both financial and tax due diligence for Ama Capital in respect of this investment in Ivy House Learning Ltd.
Two engineers working on a roof
Investment: Xburo Holdings Limited
Crowe provided Financial and Tax Due Diligence services to Chiltern Capital on its investment into Xburo.
Woman at till with Ipad in shop
Reverse Takeover: Silverwood Brands PLC
Crowe provided reporting accountant services to Silverwood Brands PLC on its acquisition of Balmonds Skincare Ltd and re-admission to the AQSE.
woman on her ipad with laptop
Acquisition: Ambico Services Limited
Crowe provided financial and tax due diligence to Dynamic Networks Group Holdings Limited on its acquisition of Ambico Services Limited.
Woman on podcast
Investment: Ethos Partners LLP
Crowe provided financial and tax due diligence on behalf of Ethos Partners LLP in respect of this investment.
Close up of lock keys
Admission: Chaleit Holdings plc (AIM)
Crowe acted as Reporting Accountant on Chaleit Holdings plc's £2.1 million placing, subscription and admission to trading on AIM.
Oil rig at sunset
Admission: 1947 Oil & Gas PLC
Crowe provided reporting accountant services for 1947 Oil & Gas Plc's acquisition of Renaissance Offshore LLC and AIM admission.
An engineer in a security vest and hat inspecting a site
Sale: Plantexpand Limited
Crowe provided sell-side transaction support to Plantexpand on its sale to Premius Capital.
Woman and man looking at large screen with data
Acquisition: Just Welfare Limited
Crowe acted as financial due diligence and tax due diligence advisors to Acquisan Limited.
Female-worker-with-hi-vis-and-clipboard
Sale: Just Welfare Limited
Crowe acted as lead advisors to the shareholders to Just Welfare Limited.
Blue bridge
Acquisition: Frenkel Topping Group plc
Crowe acted as financial and tax due diligence adviser to Harwood, and also provided tax structuring advice.
person-walking-down-curved-stairs
Acquisition: Astra Holding Group Limited
Crowe provided financial and tax due diligence services to Astra on its acquisition of DNH.
two ladies chatting with laptop
Investment: Ivy House Learning Ltd
Crowe completed both financial and tax due diligence for Ama Capital in respect of this investment in Ivy House Learning Ltd.
Two engineers working on a roof
Investment: Xburo Holdings Limited
Crowe provided Financial and Tax Due Diligence services to Chiltern Capital on its investment into Xburo.
Woman at till with Ipad in shop
Reverse Takeover: Silverwood Brands PLC
Crowe provided reporting accountant services to Silverwood Brands PLC on its acquisition of Balmonds Skincare Ltd and re-admission to the AQSE.
woman on her ipad with laptop
Acquisition: Ambico Services Limited
Crowe provided financial and tax due diligence to Dynamic Networks Group Holdings Limited on its acquisition of Ambico Services Limited.
Woman on podcast
Investment: Ethos Partners LLP
Crowe provided financial and tax due diligence on behalf of Ethos Partners LLP in respect of this investment.