Key facts
- Vitamin Well has secured a $2.2 billion cross-currency loan.
- Cinven is becoming the largest shareholder in Vitamin Well.
- Bridgepoint will retain a significant minority stake.
- The company has approximately 500 employees and operates in over 40 markets.
- Vitamin Well's brands include Vitamin Well, NOCCO, and Barebells.
Vitamin Well, a functional food and beverage company, has secured a $2.2 billion cross-currency loan. The deal also involves private equity firm Cinven becoming the largest shareholder, acquiring a stake from Bridgepoint, which will retain a significant minority holding. Bridgepoint has been a partner to Vitamin Well since 2016, during which time the company's revenue increased twelvefold and its employee count grew from 50 to 500.
Vitamin Well, established in 2008 and headquartered in Stockholm, offers products for health-conscious consumers under brands such as Vitamin Well, NOCCO, and Barebells. These products are sold in over 40 markets globally. Cinven's investment aims to support Vitamin Well's continued growth through international expansion and product development.
In related loan documentation for Vitamin Well, lenders successfully resisted a controversial disqualified counsel restriction and the removal of high watermarking, according to sources.