New Mountain Adds #1 Natural Sleep and Mood Brand to its Wellness Platform
An affiliate of New Mountain Capital, LLC ("New Mountain") announced the completion of its acquisition of Natrol, a leading vitamins, minerals and supplements brand, focused on sleep, mood & stress and brain health. New Mountain intends to combine Natrol with Jarrow Formulas ("Jarrow"), another New Mountain portfolio company.
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Headquartered in Los Angeles, CA, Natrol is a leading vitamins, minerals and supplements brand focused on vital human health areas including sleep, mood & stress, brain health, beauty and immunity. Founded in 1980, Natrol has grown to be the #1 natural sleep brand*. Natrol is trusted by consumers across the globe and has an established reputation for scientific efficacy, high quality and innovation.
"Throughout its history, Natrol has stood for the highest quality products designed to drive positive outcomes and enhance quality of life for its users," said Andre Moura, Managing Director at New Mountain Capital. "We thank Aurobindo for their stewardship of Natrol over the past six years, and we look forward to working closely with the management teams at Natrol and Jarrow Formulas to build upon Natrol’s strong momentum and drive continued growth and market-leading innovation."
"This transaction brings two powerful brands under one company," said Ojesh Bhalla, CEO of Jarrow. "Natrol is a market leader in the sleep segment with a growing presence in relaxation and beauty, all of which are complementary to the Jarrow Formulas brand strength in probiotics, bone health and heart health segments."
"With the support of New Mountain Capital and the partnership with Jarrow, I am excited and encouraged by future growth prospects," added Andrew Houlberg, President of Natrol. "We look forward to driving the company to new heights."
Simpson Thacher & Bartlett LLP acted as legal counsel, and PJ SOLOMON served as the sole financial advisor to New Mountain Capital. Jefferies served as the sole financial advisor to Aurobindo, and Sullivan & Cromwell LLP acted as legal counsel to Aurobindo.
*Source: IRI SPINS
About New Mountain Capital:
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $28 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com
About Aurobindo Pharma Limited:
Aurobindo Pharma Limited (www.aurobindo.com) (NSE: AUROPHARMA, BSE: 524804, Reuters: ARBN.NS, Bloomberg: ARBP:IN), headquartered at Hyderabad, India, manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s manufacturing facilities are approved by several leading regulatory agencies like US FDA, UK MHRA, Japan PMDA, WHO, Health Canada, MCC South Africa, ANVISA Brazil. The company’s robust product portfolio is spread over 7 major therapeutic/product areas encompassing Antibiotics, Anti-Retrovirals, CVS, CNS, Gastroenterologicals, Anti-Allergies and Anti-Diabetics, supported by an outstanding R&D set-up. The Company is marketing these products globally, in over 150 countries.
This press release contain statements that may constitute "forward looking statements" including and without limitation, statements relating to product characteristics and uses, sales potential and target dates for product launch , implementation of strategic initiatives, and other statements relating to our future business developments and economic performance. While these forward looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other factors could cause actual developments and results to differ materially from our expectations. The company undertakes no obligation to publicly revise any forward looking statements to reflect future events or circumstances and will not be held liable for any use of this information.
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