Mumbai, India — Indfrag Ltd., a Bangalore-based company active in health and nutrition active ingredients market, has undergone an 85% stake acquirement by OmniActive health Technologies Ltd. All products related to Indfrag’s Food and Nutrition business are included in the acquirement and definitive agreements have been entered to acquire the balance stake as well. OmniActive has been proactive in expanding its portfolio of high quality authenticated ingredients in the industry by creating global partnerships such as the one with Indfrag.
“Indfrag is a world leader in several well known botanical extracts which form the core of supplement formulas world-wide. The Company holds a leadership position in standardized plant extracts. Further, with their strong footprint at the source, they have developed a library of over 100 botanicals, which provides a strong foundation for launching products that complement OmniActive’s innovation platform in meeting emerging industry and consumer needs,” said Sanjaya Mariwala, Managing Director and CEO of OmniActive Health Technologies Ltd. in a press release.
Raising funds from various sources, such as the recent PE investment by Everstone, has enabled OmniActive to acquire Indfrag through the use of a M&A strategy. OmniActive’s blend of science and technology assists in meeting standards of both consumers and scientific quality demanded in today’s dietary supplement market. 12 human clinical trials in healthy populations over the past 18 months have provided unique, science-based claims that expand consumer offerings.
Sanjaya Mariwala also heads the Nutraceutical Taskforce of FICCI (Federation of Indian of Chambers of Commerce and Industry). “OmniActive’s purpose is to improve lives by enhancing nutrition and wellness through science and innovation. As part of the FICCI taskforce, we are working to align the Indian industry to meet the expectations of regulators and fully justify the confidence of the consumer in such products,” stated Mariwala. “OmniActive is also playing an active role in markets such as the US with industry leaders and associations like UNPA to evolve benchmarks and standards for product authentication, quality and supply chain traceability.”
Even though OmniActive is acquiring Indfrag, Indfrag will continue to operate as an independent business and respective teams at each company will oversee their individual product lines and customers. Philip Samuel will continue to lead the Indfrag management team, which is striving to maintain a seamless transition of Indfrag to OmniActive.
“Having grown to our current size we have been exploring partnerships and alliances which can help expand the market for our current products, and multiply our capability to bring some exciting new products to the market,” said Philip Samuel, Indfrag’s founder and Managing Director in a press release. “With its focused, IP protected and clinically substantiated portfolio of branded ingredients and strong industry linkages, OmniActive is a natural partner.”
Lazard acted as a sole financial advisor to the Shareholders of Indfrag Ltd. on the transaction.