Stonebridge Capital in advanced talks to buy Health Balance PE firm began due diligence on nutritional supplement company this month
Translated by Ryu Ho-joung 공개 2021-06-17 07:54:10
이 기사는 2021년 06월 17일 07:50 thebell 에 표출된 기사입니다.
Stonebridge Capital is in advanced talks to acquire Health Balance owned by TPG, with a deal expected to be signed soon, industry sources said.The Seoul-based firm teamed up with an unnamed strategic investor to buy the nutritional supplement company and has been conducting due diligence for the past two weeks, according to sources. If everything goes smoothly, the planned acquisition is expected to close during the third quarter of the year.
The deal is expected to be worth more than 100 billion won ($89.5 million). Stonebridge Capital’s newest fund, which closed last year and focuses on mid-cap growth companies, will be used for the acquisition. The fund was also used when the private equity firm purchased AJ Total’s chilled and frozen warehouse business earlier this year.
The transaction would mark Stonebridge Capital’s first investment in the nutritional supplement sector. The firm, however, has a strong track record in retail and food and beverage sectors.
Health Balance’s baby food brand Bebecook, which was spun off as an independent entity earlier this year, is said to be excluded from the sale. Stonebridge Capital will acquire the remaining businesses, including red ginseng products, weight-loss foods and fitness supplement retail.
TPG acquire 100% of Health Balance from Anchor Equity Partners in 2019 and has grown the company through bolt-on acquisitions. The nutritional supplement firm bought a 100% stake in Fitness Store, an online platform that sells various brands of health and fitness supplements, for 11.6 billion won last year. It also invested 10 billion won in mask brand ETIQA.
Especially, Fitness Store is likely to be a cash cow, industry watchers said. Founded in 2014 by a former fitness instructor, the online shopping platform has recorded rapid growth, with its revenue exceeding 10 billion won in 2017 compared to a mere 1 billion won in 2015. (Reporting by Ar-rum Rho)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- 스튜디오산타클로스ENT, 주주권익 보호 '구슬땀'
- 이에이트, AI 시뮬레이션·디지털 트윈 기술 선보여
- MBK, '몸값 2조' 지오영 인수 SPA 체결 임박
- [2024 더벨 글로벌 투자 로드쇼-베트남]한인이 설립한 RCE, 세계 첫 ‘중장비 온라인 중고거래’
- 회계법인 해솔, 부동산 타당성 자문 업무협약
- [2024 더벨 글로벌 투자 로드쇼-베트남]베트남의 지오영 '바이메드'·전기오토바이 '셀렉스' 눈길
- 지아이에스, 코스닥 상장 위한 예비심사신청서 제출
- [꿈틀대는 토큰증권 시장]'업계 표준' 루센트블록, '두자릿수' 레코드 조준
- [Company & IB]조달 '막바지' 롯데그룹, 롯데케미칼에 쏠리는 눈
- '910억 CB 발행' 아스트, 경영 정상화 속도 낸다