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New Deal


Announced

Completed

Kainos Capital completed the acquisition of Nutrisystem from Tivity Health for $575m.

Financials

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Transaction Value£444m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Personal Products

weight loss products

United States

Private Equity

Friendly

Acquisition

Domestic

Single Bidder

Majority

Private

Completed

Synopsis

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Kainos Capital, a private equity firm focused exclusively on the food and consumer industry, completed the acquisition of Nutrisystem, a direct-to-consumer nutrition and weight management brand, from Tivity Health, a provider of health improvement, nutrition, fitness and social engagement solutions, for $575m. The private capital group of MSD Partners partnered with Kainos Capital in the form of a preferred and common equity investment. "For the approximately 40% of adults who are considered overweight – and increasingly at risk for a range of serious conditions – Nutrisystem can play an important role in helping improve quality of life. Nutrisystem is a valuable partner to its customers, particularly during the Covid pandemic when it is more challenging for many people to access affordable, healthy meals," Andrew Rosen, Kainos Managing Partner.

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