Nestlé’s $2.3 Billion Acquisition of Atrium Innovations

Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and William Hood & Company, a division of AXIA Capital Markets, acted as financial advisers and Skadden, Arps, Slate, Meagher & Flom LLP and Stikeman Elliott LLP acted as legal advisers to Atrium.

Atrium Innovations, a globally recognized leader in the development, manufacturing and commercialization of innovative, science-based, natural health products, and Permira, the global investment firm, today announced that Atrium will be acquired by Nestlé from a group of investors including a company backed by the Permira Funds, Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec, for USD 2.3 billion in cash.

Atrium is a world-wide leader in nutritional supplements and one of the fastest growing companies in the industry globally. Its brands and business model are complementary with Nestlé’s science-based nutritional solutions for consumers, patients, doctors, nurses and other partners in healthcare. With Nestlé’s significant resources, scale, breadth and capabilities, Atrium will continue to expand its brands and compete even more effectively in the global marketplace. Upon closing, Atrium will become an independent operating division within the Nestlé Health Science business. The Company will continue to operate as it has prior to the acquisition, with no changes to its strong brands and primary locations globally.

The Skadden team includes: M&A partners Allison Schneirov (Picture) and Jon Hlafter, and associate Brett Fleisher; Intellectual Property and Technology partner Resa Schlossberg; Executive Compensation and Benefits partners Regina Olshan and Joseph Penko; Tax partner Gavin White; Real Estate partner Audrey Sokoloff; Health Care and Life Sciences counsel Maya Florence (Boston); Environmental counsel Elizabeth Malone (Washington, D.C.); Banking partner Stephanie Teicher; Corporate partner Matthias Horbach (Frankfurt); Antitrust and Competition partner Maria Raptis; European Union/International Competition counsel Andrew Foster (Hong Kong); and Complex Litigation and Trials partner Patrick Rideout.
 

Involved fees earner: Allison Schneirov – Skadden Arps Slate Meager & Flom; Jon Hlafter – Skadden Arps Slate Meager & Flom; Brett Fleisher – Skadden Arps Slate Meager & Flom; Matthias Horbach – Skadden Arps Slate Meager & Flom; Resa Schlossberg – Skadden Arps Slate Meager & Flom; Regina Olshan – Skadden Arps Slate Meager & Flom; Joseph Penko – Skadden Arps Slate Meager & Flom; Gavin White – Skadden Arps Slate Meager & Flom; Audrey Sokoloff – Skadden Arps Slate Meager & Flom; Maya Florence – Skadden Arps Slate Meager & Flom; Elizabeth Malone – Skadden Arps Slate Meager & Flom; Stephanie Teicher – Skadden Arps Slate Meager & Flom; Maria Raptis – Skadden Arps Slate Meager & Flom; Andrew Foster – Skadden Arps Slate Meager & Flom; Patrick Rideout – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Permira; Atrium Innovations Inc.;