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Sweden: Virpi Holmqvist appointed president and CEO of Attendo

Care Homes Nick Herbert -
Virpi Holmqvist has been appointed as the president and CEO of Attendo, a leading care provider in the Nordic region. She comes from the role of business area manager for Attendo Finland, an assignment she has held since 2019. Holmqvist has extensive experience in the welfare sector, including stints with...

Switzerland: Nestlé reaches agreement to divest its mainstream VMS business to Yellow Wood for US$1bn

Buy Out Nick Herbert -
Yellow Wood Partners, a US-based private equity firm focused exclusively on investing in consumer brands and companies, has agreed to acquire Nestlé’s mainstream Vitamins, Minerals and Supplements (VMS) business - the Holistic Health portfolio - for US$1bn. "This is another important step in the strategic transformation of our portfolio" said Philipp Navratil, CEO, Nestlé. "We are focusing our resources where we have the strongest competitive advantage. With Nestlé’s strong innovation and brand-building capabilities, we are well positioned for growth in the premium, science-led VMS space, where brands such as Solgar and Pure Encapsulations continue to perform strongly. At...