Enterprise Investors to acquire Scitec Holding BV

Enterprise Investors drew equity from the PEF VII fund, which the GP raised last year. Scitec founder Zsolt Bengyel remains a minority shareholder following the transaction.

Enterprise Investors was brought into the transaction by adviser Deloitte. Negotiations lasted approximately five months from start to finish.

The company expects to continue its international expansion over the next few years; it will also invest resources in product innovation and aim to expand its products' user base.

Scitec is in the process of recruiting a new CEO, Enterprise Investors told unquote".

Company
Founded in 1996, Scitec produces and sells a wide variety of sports nutrition products, primarily under the Scitec Nutrition brand. Originally founded in the US, the company currently has a significant market presence in Europe and sells its products in more than 70 countries.

People
Robert Manz is a managing partner at Enterprise Investors. Zsolt Bengyel is the founder of Scitec.

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