Private-equity firm 3i buys majority stake in Laboratoire Nutergia

Sports-nutrition and supplements concern Laboratoire Nutergia has sold a bulk involvement to private-equity steadfast 3i Group.

3i has acquired a 51% involvement successful the French group. The presumption of the woody were not disclosed.

Approached by Just Food, 3i declined to remark connected however overmuch it had paid for the shareholding but said it usually invests betwixt €100m to €150m ($116m-$174m). "You tin presume our concern is successful that range," 3i said.

As portion of the transaction, Nutergia’s founding Lagarde household volition support a “significant number holding” and stay progressive successful the company.

Founded successful 1989 by Claude Lagarde, Nutergia develops and manufactures nutrient supplements.

The Capdenac-headquartered institution sells chiefly done pharmacies. It besides markets a scope of sports-nutrition products nether the Ergysport brand.

3i spouse Pierre-Axel Botuha said: “Nutergia is simply a top-tier nutrition concern with a beardown brand, heavy healthcare practice and a agelong way grounds of growth. It fits perfectly with our strategy of investing successful differentiated companies which assistance consumers execute a healthier lifestyle.

The private-equity steadfast said to Nutergia has delivered double-digit integrated yearly maturation for "over a decade". The concern operates a accumulation installation successful France and has a beingness successful Spain and Belgium.

Nutergia laminitis Claude Lagarde said: “Nutergia is built astir technological rigour, merchandise prime and spot from consumers and healthcare professionals.

“We are pleased to invited 3i arsenic a spouse who shares our ambition and brings important acquisition of supporting premium healthcare brands successful their maturation journey, particularly successful their planetary expansion.”

3i said the concern is intended to “accelerate Nutergia’s growth” done deeper penetration of existing markets, merchandise innovation and faster improvement of integer channels.

The private-equity radical told Just Food "international improvement is simply a priority" for its caller asset, peculiarly successful Spain, Portugal, Belgium and Asia. Nutergia already exports a 4th of its products by volume, to Europe and Asia, 3i said.

"Private-equity steadfast 3i buys bulk involvement successful Laboratoire Nutergia" was primitively created and published by Just Food, a GlobalData owned brand.

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