Bain Capital acquires UK-based Vitabiotics
Mumbai, July 24 -- Global private equity firm Bain Capital will acquire UK-based nutraceutical company Vitabiotics for an undisclosed sum.
The deal includes the acquisition of Meyer Organics in India, and its operations in Africa and Egypt, the companies said in a statement on Friday. The transaction signals the next phase of planned rapid international growth and expansion for Meyer.
Mint first reported in March that Bain was among the private equity firms in the final stages of acquiring the company at a valuation of $900 million to $1 billion.
The investment will be led by Bain Capital's Asia Private Equity team and supported by the firm's global platform. Bain Capital will bring local market knowledge in India, together with sector...
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