Group Korott is a leading manufacturer and distributor of vitamins, minerals, natural cosmetics, as well as sport supplements for the Spanish consumer healthcare market. In addition to its store-brand partnering business, Korott has its own brand portfolio, including well-known brands such as Vive+ and PowerGym. Headquartered in Alcoy (Spain), the group operates a modern production facility with free capacities that can also be utilized by EVP Group.
Korott serves a variety of super-/hypermarkets, pharmacies, and health food chains with its broad product portfolio. The production facility with its wide-ranging capabilities of formats and dosage forms enables Korott to adapt and meet clients’ needs. The broad product portfolio and manufacturing capabilities are backed by a strong in-house R&D department, securing constant innovation and proximity to customers. In the current financial year, Korott will generate annual revenues of approximately € 20 million.
Following the acquisition of Principle Healthcare (November 2020), Group Korott further expands EVP’s European reach, product portfolio and own production capabilities while unlocking significant group-wide synergies. Together with Korott, EVP Group manifests its positioning as a leading player in the European consumer healthcare market and an ideal platform to further grow organically and through acquisitions.
Korott’s experienced management team will reinvest significantly, becoming the second-largest shareholder after capiton, and remain with the company to continue the company’s growth path as part of a larger, pan-European player.
The parties have agreed not to disclose financial details of the transaction.
EVP Group and capiton were advised in this transaction by Strategy& (commercial), PwC (financial), EY (tax), Shoosmiths, Cuatrecasas, BMH Braeutigam (legal) and Fidelio Healthcare Partners (technical/operations).
capiton is an independent, owner-managed private equity firm that manages a total fund volume of €1.3 billion. The investment portfolio of capiton AG currently comprises 14 medium-sized companies. As an equity partner, capiton supports management buy-outs and growth financing in established medium-sized companies.