Transaction summary

BRUSSELS, June 14, 2021 – Backed by M80 since October 2019, Strapharm, a leading producer in food supplements based in Nantes (France), initiates its European buy & build strategy with the acquisition of Hedelab. Hedelab is a CDMO with full-service and innovation capability like Strapharm. It is active mainly in Belgium and France.

Together, Strapharm and Hedelab will continue to deliver above-market growth, providing tailor-made solutions to their clients (food supplements brands and retailers). The companies’ focus is on proprietary innovation and ensuring best-in-class quality products in a wide range of market segments (sports, aromatherapy, probiotics, organic/natural products, etc.), both in solid and liquid forms.

This partnership paves the way for the combined group to become a leading European one-stop shop CDMO for food supplements brands and retailers.

Official press release: click here

Kumulus Partners and Emendo Capital acted as financial advisers to Strapharm and M80.

About Strapharm

Founded in 1987, Strapharm is a leading producer of food supplements, based in Nantes (France). Its clients include food supplements brands and specialized retailers in France and abroad. Strapharm's expertise covers a wide range of food and nutritional supplements, from immunity products to sports performance, covering all allegations and dry galenic forms. Strapharm also has expertise in sourcing local, natural and organic ingredients. In October 2019, M80 Capital acquired Strapharm together with its management.

For additional information on Strapharm, visit www.strapharm.fr

About M80

M80 Partners is the management company of M80 Capital, a private equity fund established in November 2018, investing in companies in Belgium, France, the Netherlands and Luxembourg. Founded by Peter Maenhout, the investment team consists of seasoned private equity professionals, but also entrepreneurs, former CEOs, and digital pioneers. The company focuses on growth companies in consumer, healthcare, business services and industry. The M80 team invests in companies it can help digitally transform to accelerate sales and improve operations.

For additional information on M80, visit www.m80partners.com

About Hedelab

Founded in 1974, Hedelab is a leading producer of food supplements, based in Ghlin, Belgium. Hedelab supplies food supplements brands as well as pharmaceutical groups in Belgium, France, Spain and abroad. Hedelab's expertise covers a wide range of food and nutritional supplements, including expertise in probiotics and slimming, also in sticks and proprietary cap drinks packaging.

For additional information on Hedelab, visit www.hedelab.be