Nature’s Care sale?
January 25, 2016
PRIVATELY owned vitamin
company Nature’s Care is aiming to
sell the business to a single buyer,
appointing brokers JPMorgan and
Ord Minnett to arrange the deal,
according to a report in the AFR.
The company, run by Steven
Collett, generates around $40m
in earnings before interest, tax,
depreciation and amortisation.
Capitalising on its recent
growth along with other vitamin
companies providing “clean and
green” vitamins to the massive
contaminant-plagued China market,
the company is anticipating a sale
figure greater than $1 billion.
The environment has proved a
boon for the sector in Australia
with Melbourne-based vitamin
giant Swisse Wellness going to
Hong Kong-based group Biostime
for $1.67b representing 16 times
earnings.
Similarly Blackmores’ share value
exploded to five times its original
value during the growth period to
$220 and has held above $200.
The above article was sent to subscribers in Pharmacy Daily's issue from 25 Jan 16To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 25 Jan 16