WASHINGTON: Private equity firm Carlyle Group LP has hired investment bank Goldman Sachs Group Inc to help it explore the sale of one of the largest U.S. herbal supplement makers, Nature's Bounty Co, people familiar with the matter said.
Carlyle is preparing to sell Nature's Bounty, whose brands include Solgar and MET-Rx, at a time of growing Chinese interest in U.S nutrition companies. Chinese consumers, distrustful of their country's safety standards, have demonstrated a strong appetite for such U.S. products.
Nature's Bounty, formerly known as NBTY Inc, has roughly $3 billion in sales, and could fetch as much as $6 billion in a sale, one of the sources said.
Ronkonkoma, New York-based Nature's Bounty has a significant retail business in Europe under the banner Holland & Barrett, and may opt to sell it separately, though prefers to sell the business as one, that source added.
The sources asked not to be named because the matter is confidential. Nature's Bounty did not respond to requests for comment. Carlyle and Goldman Sachs declined to comment. Bloomberg News first reported Carlyle's plans to sell Nature's Bounty earlier on Friday. Carlyle acquired NBTY in 2010 for $3.8 billion.
Earlier this year, Iovate Health Sciences International Inc, the Canadian owner of nutrition supplement MuscleTech, was sold to China's Xiwang Foodstuffs Company Ltd for $730 million.
GNC Holdings Inc, a U.S. vitamin retailer, last year announced it was exploring a sale. It has spoken with potential Chinese buyers, but has not yet announced any deal.
Solar capacity of 5.5 MW, with an additional 2.5 MW in the process of securing through a letter of credit
Administrative expenses surged by 44.16 percent to Rs102.56 million, and other expenses by 42.82 percent to Rs3.91...
The new line is now operational and production has commenced with effect from April 16, 2024
Committee’s convener emphasized that due to smuggling of petrol from neighbouring country, dealers are facing a lot...
TCB-1 and SSRL are working on a coal-electricity integration project in Block-1 of Thar Coalfield
A total of 12.56 million insurance policies were sold through microfinance banks/institutions