New Zealand-based Natural Pet Food Group has been acquired by US private-equity major KKR.
New York s KKR said it plans to support the company s growth domestically and overseas. The financial details of the deal were not disclosed.
Christchurch-based Natural Pet Food said the deal will advance its mission to supply safe, sustainably sourced high-meat pet food from New Zealand to more customers and their pets worldwide .
Natural Pet Food owns premium dog- and cat-food brands K9 Natural, Feline Natural, and Meat Mates. The company says its pet food is produced from ethically-sourced ingredients , such as grass-fed and meat and cage-free chicken.
Updated: All the Beauty M&A Deals of 2021
Women s Wear Daily (WWD) 3 days ago Allison Collins
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Just a few weeks into 2021, there have already been multiple billion-dollar beauty M&A deals, including the Estée Lauder Cos. Inc.’s deal to acquire the rest of Deciem, parent company of The Ordinary, and Shiseido inking a deal to sell its personal care business to CVC Capital.
There have also been smaller deals, as venture capitalists continue to back beauty companies.
Here is a list of the beauty M&A transactions so far in 2021:
January
Paper Cosmetics, a direct-to-consumer natural and sustainable deodorant brand, closed a funding round. Terms were not disclosed.
KKR agrees to sell Bountiful Company to Nestlé for $5 75bn pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.
In a US$5.75 billion deal that solidifies Nestlé as a powerhouse in the nutritional supplement industry, the Switzerland-based food giant on Friday announced an agreement to acquire several brands of The Bountiful Company, including Nature’s Bounty.
KKR, a global investment firm, is selling to Nestlé Nature s Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride. Those Bountiful brands generated $1.87 billion in the 12 months ending March 31, with EBITDA (earnings before interest, taxes, depreciation and amortization) of 18.3%, according to Nestlé.
Nestlé expects the deal to close in the second half of the year, subject to regulatory approvals and other typical closing conditions.
Despite Pandemic Fears, A Record-Breaking Frenzy Of M&A Activity Is Underway forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.