HGGC’s $446 million Acquisition of Nutraceutical International Corporation


Kirkland & Ellis LLP represents HGGC, LLC, which announced it reached a definitive agreement under which Nutraceutical International Corporation (NASDAQ: NUTR), an integrated manufacturer, marketer, distributor and retailer of branded nutritional supplements and other natural products sold to health and natural food stores, will be acquired by an affiliate of HGGC in a transaction valued at approximately $446 million, including debt to be refinanced.

Under the terms of the agreement, Nutraceutical stockholders will receive $41.80 in cash (without interest) for each outstanding share of Nutraceutical common stock they own, which represents a 49% premium to the company’s closing stock price on May 19, 2017, the last full trading day before today’s announcement, and a 15.6% premium to the company’s all-time high closing stock price. The transaction is expected to close in the second half of 2017, subject to customary closing conditions.

The Kirkland team is led by corporate partners Joshua Zachariah (Picture), Travis Nelson and Joseph Halloum.

Involved fees earner: Joshua Zachariah – Kirkland & Ellis; Travis Nelson – Kirkland & Ellis; Joseph Halloum – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: HGGC, LLC;

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Author: Ambrogio Visconti