Capiton: EVP Group acquires Group Korott

Berlin — EVP Group, a port­fo­lio company of Capi­ton acqui­res Group Korott. Group Korott is a leading manu­fac­tu­rer and distri­bu­tor of vitamins, mine­rals, natu­ral cosme­tics, as well as sport supple­ments for the Spanish consu­mer health­care market. In addi­tion to its store-brand part­ne­ring busi­ness, Korott has its own brand port­fo­lio, inclu­ding well-known brands such as Vive+ and Power­Gym. Head­quar­te­red in Alcoy (Spain), the group opera­tes a modern produc­tion faci­lity with free capa­ci­ties that can also be utili­zed by EVP Group.

Korott serves a variety of super/hypermarkets, phar­macies, and health food chains with its broad product port­fo­lio. The produc­tion faci­lity with its wide-ranging capa­bi­li­ties of formats and dosage forms enables Korott to adapt and meet clients’ needs. The broad product port­fo­lio and manu­fac­tu­ring capa­bi­li­ties are backed by a strong in-house R&D depart­ment, secu­ring constant inno­va­tion and proxi­mity to custo­mers. In the current finan­cial year, Korott will gene­rate annual reve­nues of appro­xi­m­ately € 20 million.

Tran­sac­tion

Follo­wing the acqui­si­tion of Prin­ci­ple Health­care (Novem­ber 2020), Group Korott further expands EVP’s Euro­pean reach, product port­fo­lio and own produc­tion capa­bi­li­ties while unlo­cking signi­fi­cant group-wide syner­gies. Toge­ther with Korott, EVP Group mani­fests its posi­tio­ning as a leading player in the Euro­pean consu­mer health­care market and an ideal plat­form to further grow orga­ni­cally and through acquisitions.

Korott’s expe­ri­en­ced manage­ment team will reinvest signi­fi­cantly, beco­ming the second-largest share­hol­der after capi­ton, and remain with the company to conti­nue the company’s growth path as part of a larger, pan-Euro­­pean player.

Capi­ton Deal Team: Alex­an­der Zamora (foto) and Jona­than Lerman.
The parties have agreed not to disc­lose finan­cial details of the transaction.

EVP Group and capi­ton were advi­sed in this tran­sac­tion by Strategy& (commer­cial), PwC (finan­cial), EY (tax), Shoos­miths, Cuat­re­ca­sas, BMH Braeu­ti­gam (legal) and Fide­lio Health­care Part­ners (technical/operations).

About capi­ton AG

capi­ton is an inde­pen­dent, owner-mana­­ged private equity firm that mana­ges a total fund volume of €1.3 billion. The invest­ment port­fo­lio of capi­ton AG curr­ently compri­ses 14 medium-sized compa­nies. As an equity part­ner, capi­ton supports manage­ment buy-outs and growth finan­cing in estab­lished medium-sized companies.