Nutritional supplement firm acquired as part of European expansion plans
Private equity firm Capiton – via its investee company Euro Vital Pharma (EVP) – has acquired Skipton-based Principle Healthcare Group.
Principle Healthcare is a manufacturer and distributor of vitamins, minerals and supplements in the private label consumer healthcare sector.
It serves more than 7,500 supermarkets, pharmacies and health food chains worldwide with its production facilities in Europe.
The deal is a further building block in the European expansion strategy of EVP. It notes the complementary product portfolios of the two groups “offers significant cross-selling opportunities and synergies” in Europe and globally.
The purchase will see Principle Healthcare’s management team remain. They will be part of EVP’s growth strategy and complement the group’s pharmaceutical licences and medical devices offering.
Law firm Shoosmiths advised EVP. James Foster, partner and head of Shoosmiths’ private equity team in the North, said: “We are delighted to have been part of this strategic acquisition for EVP, in a market which remains buoyant despite the ongoing effects of the COVID-19 pandemic.
“On a personal note, it is also great to see cross-border private equity interest in a Yorkshire-based asset and we are sure this can only lead to bigger and better things for both Principle and EVP. We wish them all the best.”
No financial details have been disclosed.