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Private equity major, The Everstone Group, has invested $35 million in Mumbai-based OmniActive Health Technologies Ltd. This is Everstone's third deal in the healthcare and wellness sector in less than a year.
Deep Mishra, MD of Everstone India, will be joining the OmniActive board as nominee director post the deal.
OmniActive will use the funds to further accelerate its growth in the fast-expanding nutraceuticals space, according to a statement by Everstone. It will also use the proceeds from this deal in its inorganic growth strategy and execute the acquisition opportunities it has identified.
OmniActive is a leading supplier of naturally sourced ingredients for eye health, weight management and heart health to global nutraceutical companies that provide food supplements and nutritional fortification. The company has a strong presence in the US and is working to achieve similar success in Europe and Asia.
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