M&A Deal Summary

Xiamen Kingdomway Group Acquires Doctor s Best

On June 15, 2016, Xiamen Kingdomway Group acquired consumer products company Doctor s Best from North Castle Partners

Acquisition Highlights
  • This is Xiamen Kingdomway Group’s 1st transaction in the Consumer Products sector.
  • This is Xiamen Kingdomway Group’s 1st transaction in the United States.
  • This is Xiamen Kingdomway Group’s 1st transaction in California.

M&A Deal Summary
Date 2016-06-15
Target Doctor s Best
Sector Consumer Products
Buyer(s) Xiamen Kingdomway Group
Sellers(s) North Castle Partners
Deal Type Add-on Acquisition

Target

Doctor s Best

San Clemente, California, United States
Founded in 1990 by supplement industry veteran Ken Halvorsrude, San Clemente-based Doctor's Best, Inc., manufactures and distributes dietary supplements throughout the U.S. and internationally. Doctor's Best is known for a broad line of premium products that are scientifically based on sound research and manufactured utilizing proven quality ingredients.

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Buyer(S) 1

Buyer

Xiamen Kingdomway Group

Xiamen, China
Category Company
Founded 1997
Sector Life Science
Employees2,126
Revenue 3.1B CNY (2023)
DESCRIPTION

Xiamen Kingdomway Group is a developer and manufacturer of bio-medicine products in function nutritional field. Xiamen Kingdomway Group was founded in 1997 and is based in Xiamen, China.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

North Castle Partners

Greenwich, Connecticut, United States

Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

North Castle Partners is a specialist private equity firm that targets investments in consumer-driven product and service businesses. North Castle seeks control investments in companies that benefit from consumers looking to live 'healthier' lives as well as businesses that benefit from the baby boomer population. Specific areas of interest include aesthetics and personal care, consumer health, fitness and recreation, home and leisure, and nutrition. North Castle was formed in 1997 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 17 of 25
Sector (Consumer Products) 8 of 10
Type (Add-on Acquisition) 11 of 15
State (California) 4 of 8
Country (United States) 15 of 23
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 HydroMassage

Clearwater, Florida, United States

HydroMassage is a designer, manufacturer, marketer, and seller of dry hydrotherapy massage systems. HydroMassage was founded in 2007 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-17 Performance Bicycle

Chico, California, United States

Performance Bicycle is an independent bicycle dealer and direct marketer of bicycles and cycling accessories in the United States. Performance Bicycle is based in Chico, California.

Sell -
Mergr

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