Russian billionaire buys network of healthy food for $2.3 billion

Российский миллиардер покупает сеть здорового питания за $2,3 млрд

Mikhail Fridman

Fund Michael Friedman will add a Holland & Barrett and their assets .

The investment Fund of Russian billionaire Mikhail Fridman’s L1 Retail agreed to buy the British retailer’s healthy food Holland & Barrett have The Nature’s Bounty Co. and The Carlyle Group for 2.26 billion dollars. This is stated in the statement of the companies, Reuters reported.

L1 Retail expects to complete the deal, which must receive the approval of regulators, by September.

In 2010, the investment Fund Carlyle Group has bought the American company Nature’s Bounty, owner of Holland & Barrett, for $ 3.8 billion.

The first transaction on the purchase of Holland & Barrett, which manages more than 1.300 stores in 16 countries, but focuses in the UK, on Sunday told the Financial Times.

The representative L1 announced that the company will create for Holland & Barrett, the Council, which will include the Advisory Board and investment team L1 Retail external non-Executive Directors, as well as the head and chief financial officer of the network.

In addition to the L1 Retail, in buying Holland & Barrett were interested in us, KKR, private equity firm Sycamore Partners, and Hong Kong’s AS Watson.

Holland & Barrett sells vitamins and health food products. The company’s revenue in 2016 amounted to 610 million pounds, EBITDA of more than 150 million pounds.