Iovate Health Sciences International Sells Majority Stake to Xiwang Foodstuffs Co. for $730 Million
Goodmans LLP represented Iovate Health Sciences International, Inc. (Iovate) in connection with the completion of a majority equity investment from Shenzhen-listed Xiwang Foodstuffs Co., Ltd. (Xiwang Food). The transaction will accelerate Iovate’s growth in China and provide its brands with significant product expansion globally. Iovate will maintain its North American headquarters in Oakville, Canada. All Executives and Senior Leaders, as well as its 330 existing employees, will remain in place to take the business to the next level of growth. At the close of this transaction, Iovate’s CEO maintained a significant ownership stake in Iovate and remains on as CEO.
Iovate Health Sciences - nutritional company with brand products like MuscleTech®, Six Star Pro Nutrition®, Purely Inspired®, and Hydroxycut™. Iovate is committed to becoming the number one active nutrition and weight management supplement company in the world. Iovate products are available nationwide at GNC, The Vitamin Shoppe, Bodybuilding.com, WalMart, Target, Walgreen’s, Sam’s Club, Amazon.com and other retailers.
Featured Work
-
Tax
Cineplex announces comprehensive refinancing plan
Goodmans is acting for Cineplex Inc., a leading Canadian entertainment and media company, in connection with its announcement of a comprehensive refinancing plan to improve financial flexibility and… -
Mergers and Acquisitions
FASHIONPHILE acquires Two Authenticators Business
Goodmans LLP acted for FASHIONPHILE, LLC in connection with its purchase of the assets of Two Authenticators Inc… -
Mergers and Acquisitions
Gamut Capital Management acquires Extreme Reach
Goodmans LLP acted for Gamut Capital Management, L.P. (“Gamut”), a leading New York-based middle market private equity firm, in its acquisition of Extreme Reach, Inc. (“Extreme Reach” or “ER”) — a… -
Restructuring
MAV Beauty Brands Inc.'s Restructuring Proceedings
Goodmans LLP acts for Alvarez & Marsal Canada Inc. in respect of MAV Beauty Brands Inc., a publicly traded global hair care and personal care company focused on managing a diversified portfolio of… -
Mergers and Acquisitions
Group led by Michael Andlauer buys Ottawa Senators
Goodmans LLP acted for an entity controlled by Michael Andlauer in its purchase of the Ottawa Senators Hockey Club from the Melnyk Estate… -
Banking and Financial Services
Finastra Group $5.32 billion refinancing
Goodmans LLP acted for Finastra International Limited in the full refinancing of its existing credit facilities and restructuring of its capital structure…