Avista Healthcare Partners, a US-based healthcare-focused private equity firm, and Damier Group, the Belgium-based family office of Yvan Vindevogel, have signed a definitive agreement to acquire sanotact Group, a Germany-based consumer health company specialising in the development, manufacturing, and commercialisation of vitamins, minerals, and supplements (VMS). As part of the transaction, existing shareholder FLOTTE, the investment arm of the Piëch-Nordhoff family, will make a significant reinvestment.
“We are excited to partner with Avista, Damier and FLOTTE as we continue to build on sanotact’s strong momentum,” said Martin Spengler, CEO of sanotact. “Both Avista and Damier bring deep healthcare expertise . . . which will enable us to further enhance our innovation capabilities, expand our international footprint, and continue delivering high quality products to our customers.”
sanotact represents a compelling opportunity to invest in a premier independent VMS platform in Europe, according to Thompson Dean, chairman of Avista. “The company is well-positioned to benefit from strong secular tailwinds, including rising consumer focus on preventative health,” he said. “[Its] differentiated capabilities, strong innovation engine, and established market position provide a solid foundation to drive robust growth.”
The firm operates a diversified model spanning a full-service CDMO business and a portfolio of VMS brands, serving customers across 80 international markets.
“The shift toward self-care continues to accelerate across Europe, and sanotact’s understanding of customer needs positions the company well to capture this growth,” said Vindevogel, founder of Damier Group.
FLOTTE acquired sanotact from DMK in 2020.
“It was extremely important for us to find new partners who shared our long-term vision, as well as our commitment to quality and strong customer relationships that have defined sanotact over the years,” said Haymo Modelhart, chairman of FLOTTE, who believes Avista and Damier make ideal partners to support the company’s future development.
Alantra acted as M&A advisor to FLOTTE, alongside CMS as legal counsel. White & Case acted as legal counsel to Avista and Damier.
Press release: News – Avista Healthcare
