Principle Healthcare Group
The Principle Healthcare Group is one of the leading European manufacturers and distributors of vitamins, minerals and supplements in the private label consumer healthcare sector. Headquartered in Skipton (United Kingdom), the Group also operates its own production facility in Slovakia through its subsidiary Innopharma.
The Group serves more than 7,500 supermarkets, pharmacies and health food chains worldwide with a complete range of nutritional supplements in a variety of dosage forms such as effervescent tablets, capsules, gum pastilles, liquids and powders. In the current financial year, the Group will generate annual revenues of approximately € 25 million.
Principle Healthcare is a further building block in the European expansion strategy of Euro Vital Pharma (EVP). The complimentary product portfolios of the two firms, with Principle Healthcare’s focus on dietary supplements and EVP’s strength in pharmaceutical licenses and medical devices, offers significant cross-selling and other synergy potential in Europe and other regions.
The current management team of Principle Healthcare will remain with the company to continue the firm’s growth path as part of a larger, pan-European player.
The Parties have agreed not to disclose financial details of the transaction.
EVP and capiton were advised in this transaction by PWC (financial and tax), Shoosmiths, BMH Braeutigam and BBH (legal) and Fidelio Healthcare Partners (technical/operations).