IIFL AMC acquires stake in OmniActive
Becomes minority shareholder in natural nutraceutical ingredients firm
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New Delhi: IIFL Asset Management Ltd on Tuesday said it has acquired a minority stake in OmniActive Health Technologies, which offers a wide range of natural nutraceutical ingredients. Anshuman Goenka, Head, private equity at IIFL AMC, who led the transaction said, "We are delighted to partner with OmniActive in their vision to become a world-class nutraceuticals player.
We believe that this group is well poised to capture the increasing trend towards health-conscious lifestyle and focus on natural health supplements". Sanjaya Mariwala, Founder, MD and Executive Chairman of OmniActive, said, "I am pleased to welcome IIFL Asset Management Ltd as a shareholder in OmniActive and this transaction is a testament to the company's strong growth and reinforces the private equity fraternity's continued belief in the growth of the nutraceutical sector".
The investment has been made through IIFL Asset Management Ltd (IIFL AMC) Special Opportunities Fund series, according to a statement. Investec acted as a sole sell side financial advisor to the transaction. Established in 2005, OmniActive seeks to improve lives by enhancing nutrition and wellness through science and innovation. A leader in health solutions, the firm offers a range of premium natural ingredients that are innovative and scientifically validated for dietary supplementation and nutritional fortification. The company has R&D and manufacturing operations in Pune, Hosur, Hassan and Thane in India.
