Cinven acquires majority stake in Vitamin Well Group

The European private equity investor Cinven will acquire the largest stake in the Swedish health drink brand Vitamin Well Group. Previously, the Bridgepoint Group was the dominant shareholder. The acquisition, which also takes into account Vitamin Well's existing debts, values the company at nearly three billion euros ($3.3 billion). Despite the share sale, Bridgepoint will retain a significant minority stake in the company. Insiders report that the official announcements regarding the transaction are expected as soon as next Tuesday. This strategic partnership is intended to help Vitamin Well to further strengthen its market position and drive its international growth.