Named Group completed the acquisition of New Penta from Orienta Capital Partners.

Named Group, a dietary supplements, medical devices, and cosmetics company, completed the acquisition of New Penta, an Italian integrated nutrition player, from Orienta Capital Partners, a private equity firm. Financial terms were not disclosed. “The transaction with New Penta will further strengthen Named Group’s leadership position in the Italian nutraceutical market. The synergies that can be generated between the various companies in the group are significant and capable of developing further growth paths for both New Penta and the rest of the group," Alessio Romitelli, Named Group Chief Operating Officer.