Eu Yan Sang International has sold a controlling stake in Healthy Life Group to Allegro Funds
Eu Yan Sang International has sold a controlling stake in Healthy Life Group to Allegro Funds through the introduction of transformational capital.
Established in 1968, Healthy Life Group is Australia’s leading health food retailer. The group, with 63 stores, has a dedicated focus on providing quality health food products and superior advice, helping thousands of customers achieve and maintain optimum health and wellbeing.
Allegro Funds, founded in 2004 in Australia, is a private equity fund specializing in transformational capital.
Based in Sinpapore, Eu Yan Sang International is a leading integrative health and wellness company with a unique heritage in Chinese medicine and one of the largest Chinese medicine groups in Southeast Asia. HLG was their only business located outside Asia and was considered non-core.
Oaklins' team in Australia advised Healthy Life Group (HLG), a wholly owned subsidiary of then Singapore listed Eu Yan Sang International (EYS), one of the oldest and largest Chinese medicine and wellness groups in Asia. EYS was itself subject to an agreed offer from a private equity consortium and some existing shareholders. The Australian team identified a strategic partner to take HLG forward which required financial and some strategic input. After approaching several private equity firms and investment groups, the team introduced HLG to a specialist investment firm, Allegro Funds, which is well known in Australia for focusing on the provision of transformational capital and other allied services. Allegro identified an MBI team and provided capital for HLG to execute its business plan, with EYS retaining a stake in the business going forward.
Talk to the deal team
Related deals
Piper PE and Cool Japan Fund have backed a management buy-out of Inside Travel Group
Inside Travel Group (ITG) has been sold to Piper PE and Cool Japan Fund. This acquisition aligns with ITG’s goal of becoming the leading specialist in tailor-made and group tours across Asia. Piper PE and Cool Japan Fund will continue to support ITG’s founders and management team, driving the business’ growth in Japan and other Asian destinations.
Learn moreGroupe JVS has completed an LBO with Capza and Bpifrance
The shareholders of Groupe JVS have completed an LBO with Capza and BpiFrance. Parquest sold their shares after partnering with the organization for three years. Groupe JVS’s management team will increase its ownership and remain as the majority shareholder of the group, alongside CAPZA and Bpifrance.
Learn morePBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.
Learn more