OmniActive Health Technologies gets $35 million investment from Everstone Group

© iStock
© iStock

Related tags Omniactive health technologies Investment Nutrition

Private equity firm Everstone Group has acquired a significant minority stake in OmniActive Health Technologies to help OmniActive in diversifying and expanding its offerings.

The deal is Everstone’s third in the healthcare and wellness sector in less than a year. OmniActive said the funds would help it expand its portfolio beyond its core extracts range encompassing capsicain, curcumin, ginger, lutein, zeaxanthin and salacia – although it did not specify how exactly.

“This investment aims at helping OmniActive scale its already strong presence in the fast-growing nutraceutical space. We are excited about partnering with the Mariwala family and building a world class global business,” ​said Sameer Sain, co-founder and managing partner of Everstone Group, an India and Southeast Asia focused private equity and real estate investment firm with assets under management of US $3.3 billion

Sanjaya Mariwala, managing director of OmniActive Health Technologies, said: “We welcome this partnership with the Everstone Group. With the support of its experienced teams and funding, OmniActive looks forward to building on our history of solid organic growth by further strengthening our presence globally using innovative products and technologies.

“This will be done by also growing inorganically to bring a wider product portfolio of responsibly made ingredients to our customers through our strategic acquisitions.”​.

Avendus Capital was advising OmniActive on this deal as the investment banker.

Mariwala told our sister site NutraIngredients-Asia​: "With the entry of Everstone, we expect to see an acceleration of our inorganic growth strategy with acquisition of products, technologies and markets to complement our current targeted portfolio, including weight management, sports and performance nutrition, metabolic health and eye, brain and gut/digestive health."

Related news

Show more

Related products

show more

The solutions to botanical supply chain challenges

The solutions to botanical supply chain challenges

Content provided by Ayana Bio | 05-Jun-2024 | Infographic

Many botanicals continue to face supply chain challenges, from the surging demand for stress-relieving adaptogens and immune-support ingredients to the...

BIONAP : HARVESTING THE FORCE OF NATURE

BIONAP : HARVESTING THE FORCE OF NATURE

Content provided by BIONAP BIOACTIVE NATURAL PRODUCTS | 30-May-2024 | Product Brochure

Nature's power is a gift, one that BIONAP knows how to use responsibly. From the very beginning of our work to the last detail, Biodiversity is what inspires...

Related suppliers

Follow us

Products

View more

Webinars