Milwaukee-based private equity firm invests in NutriScience Innovations

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Milwaukee-based Lakeview Equity Partners, the private equity fund that acquired probiotic manufacturer UAS Labs in 2013, is expanding its reach in the nutraceutical space with an investment in Trumbull, CT-based NutriScience Innovations, a global supplier of nutritional and functional ingredients.

“Our investment in NutriScience targets the health and wellness market similar to our investment in UAS Labs of Wausau, Wis., which produces scientifically proven probiotic-based supplements,”​ said Joe Cesarz, managing director of Lakeview Equity Partners, in a statement issued yesterday afternoon.

“Dietary supplements, sports supplements and nutraceuticals are a huge and growing worldwide market,”​ he added.

The investment involves the acquisition of some assets of NutriScience’s sister company FabriChem, which specializes in pharmaceutical and specialty chemical raw materials.

“We are thrilled to have the confidence of Lakeview’s investment in NutriScience, and we look forward to this new and exciting chapter,”​ said NutriScience founder Jacob Pallathra. “We feel this investment and partnership will lead us to new heights as we grow our portfolio of specialty nutritional solutions.”

The NutriScience/FabriChem group was established in 1993 by the Pallathra family, co-founded by Jacob and Martha Pallathra, who will retain an ownership interest.

Lakeview Equity Partners is a $40 million private equity fund that focuses on investments in traditional, middle market companies. UAS Labs and, now, NutriScience Innovations are the two health and nutrition-focused companies in its portfolio, which includes investments in technology for fire safety, secrutiy, and wireless innovation.

Related topics: Markets, Suppliers, M&A

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