Goli Nutrition set for acquisition by Group KPS, Bastion Capital, and founding member consortium
In a strategic move designed to propel growth and innovation, Goli Nutrition Inc., a leader in inventive, consumer-centric nutritional solutions, announced its entry into a definitive acquisition agreement with a consortium that includes healthcare distributor Group KPS, investment firm Bastion Capital, and one of the company’s original founders. This pivotal transaction aims to bolster Goli’s financial structure, facilitating expansion into new markets, fostering product innovation, and enhancing its global retail partnerships.
Goli Nutrition boasts a formidable presence with over 5 million customers through its direct-to-consumer platform, complemented by significant strategic partnerships with premier U.S. retailers. The company’s efficient international supply chain and extensive global distribution network underscore its strong market position.
Group KPS, recognized for its expansive distribution network across Latin America and as a current distributor of Goli products in Mexico, brings to the table a profound understanding of Goli’s brand and its growth potential both in North America and globally. Bastion Capital, known for its successful track record in financing consumer-oriented businesses, alongside Group KPS, provides a robust financial and strategic backing that will empower Goli to continue its trajectory of innovation and market leadership.
Felipe Preciado, CEO of Group KPS, expressed enthusiasm for the acquisition, highlighting Goli’s iconic brand, exceptional product quality, and the high repeat purchase rates from its loyal consumer base as key factors motivating the acquisition. The goal is to unlock new growth opportunities for Goli, enabling it to introduce innovative health products to consumers worldwide.
As part of the acquisition, Goli will retain key members of its original management team, ensuring continuity of the company’s vision and operational expertise. This strategic decision aligns with Goli’s mission to deliver high-quality, effective products that simplify health, making it both enjoyable and accessible.
The acquisition, supported by the company’s lenders, follows a pre-packaged process under the Companies’ Creditors Arrangement Act (CCAA) in Canada. With an initial order obtained from the Superior Court of Quebec on March 18, 2024, the transaction benefits from a stay of proceedings, facilitating smooth progress towards completion.
Pending court approvals in Quebec and the U.S., the transaction promises to keep Goli’s operations running smoothly, ensuring uninterrupted delivery of products to its worldwide customer base, distributors, and retail partners.
Advising the acquirer group, Canaccord Genuity Corp. serves as the financial advisor, with Bennett Jones LLP offering legal counsel. Goli is represented legally by Davies Ward Phillips & Vineberg LLP, ensuring a well-supported transition poised to redefine the landscape of global nutrition innovation.
The acquisition of Goli Nutrition by Group KPS, Bastion Capital, and a founding member consortium marks a significant milestone in the nutrition and wellness industry. This partnership not only strengthens Goli’s financial foundation but also enhances its capacity for global market penetration and product innovation. By leveraging the extensive distribution networks and financial resources of its new partners, Goli is well-positioned to meet the growing consumer demand for healthful and innovative nutritional products, ensuring a dynamic future for the company and its stakeholders.