Nellson Nutraceutical, a portfolio company of Kohlberg & Company, L.L.C., completed its acquisition of Le Groupe Multibar Inc., a Montreal-based manufacturer of nutritional and snack bars, for an undisclosed amount.
Headquartered in Irwindale, California, Nellson is a leading formulator and manufacturer of branded and private-label nutritional bar and functional powder products in North America and is a portfolio company of Kohlberg & Company, L.L.C, a leading private equity firm headquartered in New York.
The combined company will have four manufacturing and R&D facilities offering greater capabilities to customers both in the US and Canada, as well as internationally.
Nellson was represented in Canada by Stikeman Elliott LLP with a team led by Robert Carelli including Hadrien Montagne, Barbara Sheng and Karine Bilodeau (M&A); Frank Mathieu (tax); Howard Rosenoff (financing) and Michael Kilby and Marisa Muchnik (competition); and in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team including Angelo Bonvino, Thomas de la Bastide, Albab Dabela and Samuel Welt and by Jim Lowe and Angela Yoon of Wilmer Cutler Pickering Hale and Dorr LLP (competition).
Multibar was represented by Bruno Duguay, Chief Legal Officer, and Alexina Zummo-Latreille, Legal Counsel, of Novacap (Multibar’s majority shareholder at the time of the acquisition) assisted by Fasken Martineau DuMoulin LLP with a team led by Denis Chaurette which included Jean-Sébastien Dugas, Kiran Singh (M&A) and Leslie Milton (competition & compliance). Caisse de dépôt et placement du Québec (a shareholder of Multibar) was represented by Guy Lebeuf, its Director, Advisory services, Legal Affairs, and assisted by Gowling Lafleur Henderson LLP with a team led by Robert Dorion which included Ingrid Anton. Multibar was represented in the US by James McKeown and Benjamin Dryden of Foley & Lardner LLP (competition).