Transactions in brief | Biofarma, Orkla, Venture Life

Transactions in brief | Biofarma, Orkla, Venture Life

19 January 2022 - Deborah Wilkes

Private-equity firm Ardian has taken a majority stake in Biofarma Group, Orkla has acquired Vesteralen Marine Olje, and Venture Life has appointed a new Chinese partner.

Ardian takes majority stake in Biofarma

Private-equity firm Ardian has acquired a majority stake in Italian contract manufacturer Biofarma Group for an undisclosed sum.

Members of the founding Scarpa family will retain their 30% stake in the group. Maurizio Castorina will remain chief executive officer.

Ardian said Biofarma had generated annual sales of more than EUR230 million (USD256 million) from development, manufacture and packaging of food supplements, medical devices, probiotic-based products and cosmetics. Almost half of the sales come from international markets.

The majority stake was acquired from private-equity firm White Bridge Investments.

Orkla acquires Vesteralen Marine Olje

Orkla has acquired a 95% stake in Vesteralen Marine Olje which supplies raw materials from white fish for use in the production of cod liver oil.

The Norwegian company said Vesteralen Marine Olje was an important supplier of raw materials for its Möller’s Tran cod liver oil brand.

“This is a strategically important purchase for us seen in several dimensions. It supports our ambitions with regard to both health and sustainability. Moreover, we are engaging in a major part of the value chain for Möller’s Tran, which is one of our fastest growing international brands,” commented Jaan Ivar Semlitsch, president and chief executive officer of Orkla.

Vesteralen Marine Olje had sales of NOK60 million (USD7 million) in 2020.

Financial details of the deal were not disclosed.

Venture Life appoints new Chinese partner

Self-care group Venture Life has appointed a new Chinese distribution partner for its Dentyl and UltraDEX oral-care brands.

The UK-based company said its previous Chinese partner had “disappointed against the expected level of sales since the start of the pandemic”.

The new partner is Samarkand Group, a UK-based company that connects UK brands with Chinese consumers. The initial contract term is five years on an exclusive basis.

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