Tue, 27/11/2012 - 11:45
Private equity fund Brynwood Partners VI has sold its portfolio company, Balance Bar Company, to NBTY, a specialist in vitamins, supplements and active nutrition products and a portfolio company of The Carlyle Group.
Balance Bar, founded in 1992 and acquired by Brynwood VI from Kraft Foods in 2009, has been an innovator in the nutrition/energy bar category.
The company, which is headquartered in Valhalla, New York, is one of the leading brands in the high growth USD1bn nutrition/energy bar category.
"We are delighted to announce the divestiture of Balance Bar, which was our first investment in our most recent fund, Brynwood VI," says Hendrik J Hartong III, chairman of Balance Bar and senior managing partner at Brynwood Partners. "We are grateful to all of the Balance Bar employees for their hard work and dedication to the business. We wish NBTY continued success with this great brand."
"On behalf of Brynwood Partners, I would like to thank the Carlyle and NBTY teams for their efforts in completing this transaction. We have enjoyed the relationship," says Ian B MacTaggart, managing partner, Brynwood Partners.
Houlihan Lokey Capital served as the investment banking advisor to Balance Bar.
Wed 25/11/2015 - 15:33
Wed 25/11/2015 - 09:23
Mon 23/11/2015 - 09:22
Fri 20/11/2015 - 10:23
Fri 27/11/2015 - 15:52
Fri 27/11/2015 - 09:23
Fri 27/11/2015 - 09:20
Thu 26/11/2015 - 15:11
Fri, 27/Nov/2015 - 16:01
Fri, 27/Nov/2015 - 15:53
Fri, 27/Nov/2015 - 09:26
Thu, 26/Nov/2015 - 15:34
Thu, 26/Nov/2015 - 10:50
Thu, 26/Nov/2015 - 09:54
Sat, 28 Nov 2015 00:00:00 GMTS/VP Enterprise Risk - Buy Side Firm | Singapore
Sat, 28 Nov 2015 00:00:00 GMTVP of Operational Risk - Global Buy Side Firm | Singapore
Sat, 28 Nov 2015 00:00:00 GMT