L Catterton Completes Acquisition of Thorne HealthTech, Inc.
- L Catterton, a leading global consumer-focused investment firm, has announced the successful completion of its acquisition of Thorne HealthTech, Inc. Thorne is a leader in delivering innovative solutions for a personalized approach to health and wellness. The acquisition aims to focus resources and strategic planning on executing Thorne's vision of delivering clinically backed outcomes utilizing specialized health tests and personalized supplement and wellness programs to patients worldwide.
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"As consumer investors, we closely follow enduring secular trends, including the consumer's increasing prioritization of health and wellness," said Marc Magliacano, co-Managing Partner of the Flagship Fund at L Catterton. "As we begin this partnership with Thorne, returning this leading clinical brand to the private market, we look forward to focusing our resources and strategic planning on executing on Thorne's vision of delivering clinically backed outcomes utilizing specialized health tests and personalized supplement and wellness programs to patients around the globe."
The Offer and the Merger
The tender offer to purchase all of the issued and outstanding shares of Thorne's common stock ("Shares") in exchange for
Advisors
BofA Securities served as financial advisor and Kirkland & Ellis LLP served as legal advisor to L Catterton.
About L Catterton
L Catterton is a market-leading consumer-focused investment firm, managing approximately
Forward-Looking Statements
This communication contains forward-looking statements. All statements other than statements of historical facts contained in this communication are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "would," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. Forward-looking statements contained in this communication include, but are not limited to, statements regarding Thorne's acquisition by L Catterton or its affiliates (the "Transaction") and the delisting and deregistration of Thorne's common stock. These forward-looking statements involve risks and uncertainties. If any of these risks or uncertainties materialize, or if any assumptions prove incorrect, actual results could differ materially from the results expressed or implied by these forward-looking statements. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. All forward-looking statements in this communication are based on information available as of the date of this communication, and neither Thorne nor L Catterton assumes any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date of this communication, except as required by law.
Contact:
Julie Hamilton
Julie.hamilton@lcatterton.com
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SOURCE L Catterton
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