Abenex and L Capital sell Nutrition & Sante

Abenex Capital and L Capital have signed an agreement to sell Nutrition & Sante, a producer of health foods, to Otsuka Pharmaceutical Co, a Japanese drug, food and drinks maker. Although Abenex Capital and L Capital hadn't planned to cede the company for at least another year, the Japanese company's interest and offer facilitated an early exit.

Nutrition & Sante, based in Revel, produces health and functional food which it distributes in over 40 countries. Founded in 1973, it generated sales of EUR280m in 2008.Abenex Capital and L Capital originally purchased the company from Novartis back in February 2006, with Abenex taking a majority shareholding at an enterprise value of EUR220m. (Page 32)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• France
• Consumer