Business Wire India
OmniActive Health Technologies (“OmniActive” or “Company”), which offers a wide range of premium, scientifically valid, natural nutrients, today announced that TA Associates, a leading global development private equity firm, has held a significant stake Has acquired. The company, while founder and executive chairman Sanjay Mariwala, has further increased his personal grip. Financial terms of the transaction were not disclosed.
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Founded in 2005, OmniActive seeks to improve life by increasing nutrition and well-being through science and innovation. A leader in health solutions, the company offers a range of natural ingredients that are innovative and scientifically valid for dietary supplementation and nutritional fortifications. OmniActive works with leading human nutrition brands and manufacturers worldwide to improve the health and well-being of consumers through a solution-oriented approach. The company has R&D and manufacturing operations in Pune, Hosur and Thane in India; And sales and distribution operations in the Americas, Europe, India, Asia, Australia and Latin America.
“We are pleased to welcome TA Associates as a strategic investor and partner for the next phase of Om Associates’ growth journey. We believe TA has deep potential and experience investing in companies focused on nutritional ingredients, and shares Omnivet’s vision to bring innovative, natural and science-based solutions to our customers and end consumers. We intend to leverage our strong management capabilities and TA’s distinctive M&A sourcing engine to drive programmatic M&A and licensing, to provide consistent innovation to our customers. “
“We believe there will be a strong growth in nutritional components over the next decade. OmniActive has built a strong reputation and deep customer relationships by focusing on natural, R&D-led innovative ingredients. Naresh Patwari, director of TA Associates Advisory Private Limited said, “We look forward to working closely with Mr. Mariwala and Omnivet Management team to further accelerate this business through organic lever and M&A.”
“We believe that TA’s global healthcare experience through continued organic growth and strategic acquisitions will be valuable in the next phase of OMAActive development. OmniActive is growing at an accelerated pace, driven by a portfolio of branded, innovative natural products with medically supported health benefits, and we continue this growth journey and support our customers with TA as our new equity partner Excited to do so, ”said Jim Hamilton, CEO of Omniactive.
“We are impressed by the quality of OmniActive’s business and customer franchise. We believe Omniactive is well placed to benefit from the strong growth in the nutraceuticals elements space, and look forward to our partnership, ”said Dheeraj Poddar, managing director of TA Associates Advisory Pvt.
Omniactive Health Technologies, Everstone and other selling shareholders were advised by Investec (sole financial advisor), DSK Legal and KPMG. TA Associates was advised by Hulihan Locke USA, Shardul Amarchand Mangaldas and PricewaterhouseCoopers.
About OmniActive Health Technologies
Founded in 2005, OmniActive seeks to improve life by increasing nutrition and well-being through science and innovation. Omnative’s broad portfolio includes natural, scientifically validated, sustainable and IP-protected ingredients for global customers in dietary supplements and functional foods and beverages. Some of the company’s major brands include Lutemax®, Capsimax®, Karakuvin®, Gingiver, Xenergy® and OmniX®. OmniActive partners with customers through its sales and distribution network in major markets around the world, supported by three global R&D centers and best-in-class production facilities across India. The company has offices in Mumbai, India and Morristown, New Jersey. Consult for more information: www.omniactives.com
About Sanjay Mariwala
Sanjaya Mariwala is a successful entrepreneur and business leader. Mr. Mariwala formerly headed Concor Materials Ltd., which he sold in 2014 to V Mane Fils of France. He is also a shareholder and director for various Mariwala family ventures, namely, Autohanagar India Private Limited, Food Service India Limited, Sethu Nutraceuticals and Edens Nutrition. Mr. Mariwala founded Omniactive in 2005 and led the company’s growth for the last 15 years. He currently serves as its executive chairman. In addition, he helped to establish the Association of Herbal and Nutraceutical Manufacturers of India (AHNMI), and led several initiatives within FICCI, CII, CRN and other industry shaping forums. Mr. Mariwala supports various philanthropic initiatives, with some notable examples being the Improving Lives Foundation of Vitamin Angels and Omnivet.
About TA Associates
TA Associates is a leading global development private equity firm. Focused areas targeted within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profits, growing companies with continued growth opportunities, and in over 500 companies worldwide Have invested. Investing as a majority or minority investor, TA uses a long-term approach, using its strategic resources to help management teams create lasting value in high-quality development companies. TA has raised $ 33.5 billion in capital since its inception in 1968 and is making new investments at over $ 3 billion annually. The firm has over 100 investment professionals located in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.
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