TA Associates acquires large stake in OmniActive Health Technologies

TA Associates, a global growth private equity firm, acquired a significant stake in OmniActive Health Technologies. Sanjaya Mariwala, founder and executive chairman of OmniActive, has also increased his personal holding.

TA Associates (Mumbai, India), a global growth private equity firm, acquired a significant stake in OmniActive Health Technologies (Morristown, NJ). Sanjaya Mariwala, founder and executive chairman of OmniActive, has also increased his personal holding. Financial terms of the transaction were not disclosed.

“We are pleased to welcome TA Associates as a strategic investor and partner for the next phase of OmniActive’s growth journey,” Mariwala said in a press release. “We believe that TA has deep capabilities and experience investing in companies focused on nutritional ingredients, and shares OmniActive’s vision of bringing innovative, natural and science‐based solutions to our customers and end consumers. We intend to leverage our strong management capabilities and TA’s distinctive M&A sourcing engine to drive programmatic M&A and in‐licensing to continuously deliver innovation to our customers.”

“We believe that the nutritional ingredients space will see strong growth over the next decade,” said Naresh Patwari, a director at TA Associates Advisory Private Limited, in a press release. “OmniActive has built a strong reputation and deep customer relationships by focusing on natural, R&D-led innovative ingredients. We look forward to working together with Mariwala and the OmniActive management team to further accelerate the growth in this business through organic levers and M&A.”

“We believe that TA’s global healthcare experience will be valuable in supporting OmniActive’s next phase of growth through continued organic growth and strategic acquisitions,” added Jim Hamilton, CEO of OmniActive. “OmniActive has been growing at an accelerated pace, driven by a portfolio of branded, innovative natural products with clinically supported health benefits, and we are excited to continue this growth journey and supporting our customers with TA as our new equity partner.”