TA Associates acquires stake in OmniActive Health Technologies

The company has R&D and manufacturing operations in Pune, Hosur and Thane in India; and sales and distribution operations in the US, Europe, India, Asia, Australia and Latin America.

OmniActive Health Technologies, which offers natural nutraceutical ingredients, announced that TA Associates, a private equity firm, has acquired a significant stake in the company, while Sanjaya Mariwala, Founder and Executive Chairman has further increased his personal holding. Financial terms of the transaction were not disclosed.

The company has R&D and manufacturing operations in Pune, Hosur and Thane in India; and sales and distribution operations in the US, Europe, India, Asia, Australia and Latin America.

“We are pleased to welcome TA Associates as a strategic investor and partner for the next phase of OmniActive’s growth journey. We intend to leverage our strong management capabilities and TA’s distinctive M&A sourcing engine to drive programmatic M&A and in-licensing to continuously deliver innovation to our customers,” said Sanjaya Mariwala, Founder, Executive Chairman and MD of OmniActive.

“We believe that the nutritional ingredients space will see strong growth over the next decade. OmniActive has built a strong reputation and deep customer relationships by focusing on natural, R&D-led innovative ingredients. We look forward to working together with Mr Mariwala and the OmniActive management team to further accelerate the growth in this business through organic levers and M&A,” said Naresh Patwari, a Director at TA Associates Advisory.

OmniActive Health Technologies, Everstone and Other Selling Shareholders were advised by Investec (sole Financial Advisor), DSK Legal and KPMG. TA Associates was advised by Houlihan Lokey USA, Shardul Amarchand Mangaldas and PriceWaterhouse Coopers.