 "Everstone invests $35 mn in OmniActive Health Technologies")
"The investment of $35 million by Everstone will further accelerate the growth of OmniActive in the fast-expanding nutraceuticals space," the firms said a joint statement issued here on Monday.
The deal is Everstone's third in the healthcare and wellness sector in less than a year, it said.
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OmniActive supplies naturally sourced ingredients for eye health, weight management and heart health to global nutraceutical companies that provide food supplements and nutritional fortification, and has a strong presence in the US.
"OmniActive is now working to achieve similar success in Europe and Asia," the release said.
The Everstone investment - which gives it significant minority stake - will help OmniActive in diversifying and expanding its offerings.
"OmniActive will use the transaction proceeds from this deal in its inorganic growth strategy and execute the acquisition opportunities it has identified," it said.
Everstone India's Managing Director Deep Mishra is joining the OmniActive board as a nominee director.
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