M&A Deal Summary

Nu Skin Enterprises Acquires Pharmanex

On October 6, 1998, Nu Skin Enterprises acquired life science company Pharmanex from Bay City Capital

Acquisition Highlights
  • This is Nu Skin Enterprises’ 1st transaction in the Life Science sector.
  • This is Nu Skin Enterprises’ 1st transaction in the United States.
  • This is Nu Skin Enterprises’ 1st transaction in Utah.

M&A Deal Summary
Date 1998-10-06
Target Pharmanex
Sector Life Science
Buyer(s) Nu Skin Enterprises
Sellers(s) Bay City Capital
Deal Type Add-on Acquisition

Target

Pharmanex

Provo, Utah, United States
Pharmanex LLC is a provider of safe and efficient dietary supplements by applying the disciplines of Western science to natural products.

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Buyer(S) 1

Buyer

Nu Skin Enterprises

Provo, Utah, United States
Category Company
Founded 1984
Sector Consumer Products
Employees3,700
Revenue 2.0B USD (2023)
DESCRIPTION

Nu Skin Enterprises is a provider of comprehensive anti-aging personal care products and nutritional supplements under the Nu Skin and Pharmanex brands worldwide. Nu Skin Enterprises was founded in 1984 and is based in Provo, Utah.

DEAL STATS #
Overall 1 of 4
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Utah) 1 of 1
Country (United States) 1 of 4
Year (1998) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 3i Solutions

Wooster, Ohio, United States

3i Solutions is an ingredient manufacturing company. The company specializes in manufacturing oil-soluble material that is water-dispersible for cosmetics, food, and nutritional industries. 3i Solutions employs an in-house research and development team to meet customer requirements and develop new ingredients for their products. 3i Solutions was founded in 1997 and is based in Wooster, Ohio.

Buy -

Seller(S) 1

SELLER

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.

DEAL STATS #
Overall 1 of 62
Sector (Life Science) 1 of 45
Type (Add-on Acquisition) 1 of 31
State (Utah) 1 of 1
Country (United States) 1 of 59
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-01 Medarex

Princeton, New Jersey, United States

Medarex, Inc. is a developer of therapeutic products for cancer, autoimmune disease and other life-threatening and debilitating diseases.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 LJL Biosystems

Sunnyvale, California, United States

LJL Biosystems, Inc. is a provider of automated instrumentation systems for clinical, research and drug development applications.

Buy -
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