Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Kainos Capital completes $575m acquisition of weight-loss brand Nutrisystem

foodprocessing-technology 2020-12-10
Share       

US-based private equity firm Kainos Capital has concluded the acquisition of nutrition and weight management brand Nutrisystem from Tivity Health for $575m.

First announced in October, the deal is expected to further strengthen Kainos Capital’s presence in the health and wellness space.

Nutrisystem has been offering a ‘balanced and clinically’ proven approach to weight loss with portion-controlled foods to its customers.

Its portfolio includes entrées, snacks, and shakes, which are claimed to be complemented by various live counselling options.

Kainos managing partner Andrew Rosen said: “We are excited to add Nutrisystem to the Kainos portfolio of companies. The Nutrisystem platform provides accessible and convenient weight management products and tools that enable consumers across the nation to achieve their healthier lifestyle goals.

“This opportunity is particularly attractive during the pandemic when health and wellness is top of mind, and it is more challenging for many people to access affordable, healthy meals.”

For this deal, Kainos Capital also secured support from MSD Partners Private Capital Group via a preferred and common equity investment.

The completion of the deal re-establishes Nutrisystem as an independent business entity.

Kainos partner Bob Sperry said: “The investment in Nutrisystem builds on the Kainos team’s strong history in the health and wellness space, including SlimFast, which we established as one of the fastest-growing brands in the weight management category under our ownership.

“We look forward to implementing the Kainos Change Capital strategy together with the Nutrisystem management team.”

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Cassava starch processing line

Cassava starch processing line

Auto500 Automatic Filling Machine

Auto500 Automatic Filling Machine

Sugar cane harvester

Sugar cane harvester

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121