With support from Tess Daly and Davina McCall, Dragons’ Den star Tej Lalvani plans to sell Vitabiotics for £900 million.
According to sources in the City, Bain Capital, a private investment firm, has agreed to purchase the multivitamin company for £900 million this week.
In 2015, Mr. Lalvani, 51, became the CEO of Vitabiotics.
His father, Kartar Lalvani, started the business almost fifty years ago.
After playing one of the investors in the popular BBC Two series Dragons’ Den from 2017 to 2021, the businessman rose to fame.
The health brand Hanna Sillitoe, the organic superfoods company Rheal, and the head lice treatment company NitNot are among Tej Lalvani’s most prominent investments.
Supermodel David Gandy, television host Davina McCall, and Strictly Come Dancing host Tess Daly are just a few of the well-known celebrities who support Vitabiotics.
According to sources, Bain Capital is nearing the end of its acquisition of the multimillion-pound business, and an agreement is anticipated to be reached in the next few days.
In 2015, Tej Lalvani, a 51-year-old investor in Dragons Den, took over as CEO of Vitabiotics.
Tess Daly, host of Strictly Come Dancing, is seen posing next to a billboard featuring an advertisement for a Vitabiotics product.
The Times has been informed by persons familiar with the negotiations that discussions between the two parties are delicate and that there’s a chance the sale won’t be approved.
The Lalvani family is ranked 255th on The Sunday Times’ Rich List, with a net worth of £525 million.
The company, whose brands include Wellwoman, Perfectil, and Pregnacare, is said to have risen from £101 million to £195.6 million since Tej Lalvani became CEO eleven years ago.
After Houlihan Lokey narrowed down possible purchasers to Bain Capital and Blackstone, which bills itself as the biggest alternative asset manager in the world, Vitabiotics began exclusive talks with Bain Capital in April.
After starting his career there operating forklifts in the warehouse, Tej Lalvani joined his father’s business more than 20 years ago, “working his way up through the ranks.”
In order to have a thorough understanding of the company’s operations, he worked in a variety of divisions while studying pharmaceutical research in London, Germany, and India.
Vitabiotics is described as “now the UK’s No.1 vitamin company.”The Dragon has been in charge of the company’s growth for the last ten years.
Products are currently sold in more than 100 nations.The multivitamin company makes £300 million a year.
Bain Capital refrained from commenting.Vitabiotics were contacted for additional feedback.
