Saturday / May 28. 2022
menu-logo menu-logo
brand-logo
Subscribe
Subscribe
Saturday / May 28. 2022
  • Read
    • Daily News
      • Financial
      • Insights
      • U.S.
      • International
    • Cover Stories
    • Feature Articles
    • Company Spotlights
    • Exclusive Interviews
    • Executive Announcements
    • Forward Thinking
    • New Perspectives
    • Working Smart
    • From the Publisher
    • Digital Issue
  • Listen & Watch
    • Direct Approach
    • Iconic Insights
    • The DSN Podcast
  • Attend
    • Direct Selling University
    • Global Celebration
  • Achieve
    • Global 100 List
    • CCR Program
    • Best Places to Work
    • Bravo Awards
    • Legends
  • Join
    • Membership
    • VIP Community
  • Research
    • Digital Momentum Index
    • Stock Watch
    • Stock Ticker
    • Supplier Directory
    • Resources
  • About
    • About DSN
    • Subscribe
    • Advertise
    • Store
    • Connect
  • Search
Subscribe

Immunotec Acquired by Immuno Holding

BY DSN Staff | June 01, 2017 | read / Daily News

The previously announced deal for Quebec, Canada-based Immunotec Inc., the direct seller of nutrition, skincare and wellness products, to go private in a cash deal that valued the company at US$25 million, was recently completed.

The deal was closed by way of a plan of arrangement under the Canada Business Corporations Act, pursuant to which 1111267 B.C. Ltd., a subsidiary of Immuno Holding, S.A. de C.V, acquired all of the issued and outstanding common shares of the Company for a cash consideration of CAN$0.485 per share.

Immuno Holding is a company led by Mauricio Domenzain in partnership with Nexxus Capital, one of the leading alternative asset managers in Mexico with a track record of almost 20 years of investing in and supporting successful growth companies. Domenzain is a former top executive of a prominent global direct selling company, with relevant expertise in the Mexican and U.S. markets and a passion for the network marketing channel.

“We are very excited about this transaction, as we believe that Immunotec, with its strong management team, its network of over 100,000 independent consultants, and its culture rooted in Quebec-based research and development, is uniquely positioned to continue to generate growth and prosperity for the benefit of its customers, independent consultants and employees in Quebec, the U.S. and Mexico,” said Domenzain. “We have great respect for Immunotec’s leadership team guided by Charlie Orr, CEO, as well as the independent consultants and look forward to working collaboratively to fuel such growth and to support the current momentum Immunotec has been experiencing over these past years.”

Rod Budd, Chairman of the Board of Directors of Immunotec, added: “We believe the time is right to take this next step in the evolution of Immunotec. After undertaking a robust strategic review effort, led by Threadstone Advisors and Winfield Consulting, we are excited by the value to be delivered to Immunotec’s shareholders. The Board was also very impressed by Immuno Holding’s understanding of our relevant markets as well as their excellent plan to maintain, and accelerate, the Company’s growth. This transaction presents the ideal opportunity for all stakeholders.”

Charles Roberts, one of the company’s founders, said, “I believe Immuno Holding will bring great experience, dynamism and support to Immunotec’s employees and network of independent consultants in order to foster the Company’s continued path of growth and success.” Dieter Beer, another founder, added, “I have confidence that with Immuno Holding’s support, the Company will continue the vision that I shared with Dr. Gustavo Bounous to position Immunocal® as a global nutritional choice, and to improve many more lives with this incredible product.”

The agreement between Immunotec and Immuno Holding concludes a strategic review process undertaken by leading direct selling M&A advisor, Threadstone Advisors LP in partnership with Winfield Consulting, LLC. Together, the advisors were employed to monetize the equity interests of Immunotec’s founding shareholders, Charles Roberts and Dieter Beer, who were pursuing a sale in the interest of personal estate planning while ensuring that the new owners possess the resources and experience required to drive the Company’s continued growth in the future.

Threadstone Advisors, LP is a boutique investment bank serving the consumer sectors with expertise in mergers and acquisitions, equity and debt capital raises as well as strategic advisory aervices. In partnership with Winfield Consulting, LLC, which provides strategic and executional support to operating companies and investors in the direct selling business model, Threadstone has become a leader in advising the direct selling channel. This is the third direct selling transaction in two years that Threadstone and Winfield have been involved in as partner–advisors.

Posted in Daily News
Related Articles
Designing with Generations in Mind Prevents Brands from Becoming “Niche Players”  May 27, 2022

Designing with Generations in Mind Prevents Brands from Becoming “Niche Players” 

Read more
NewAge’s Nutrifii Renew Added to Cologne List  May 26, 2022

NewAge’s Nutrifii Renew Added to Cologne List 

Read more
Nu Skin Joins Sustainability-Focused Consortium to Improve Industry Standards  May 25, 2022

Nu Skin Joins Sustainability-Focused Consortium to Improve Industry Standards 

Read more
brand-logo
The News You Need.
The Name You Trust.
Subscribe

Breaking global news, emerging trends and powerful stories conveniently curated to help direct selling executives stay informed, engaged and a step ahead.

  • Read
  • Listen & Watch
  • Attend
  • Achieve
  • Research
  • About
  • Connect
5800 Democracy Drive
Suite 100
Plano, Texas 75024
info@directsellingnews.com
Copyright 2022 Direct Selling News | All Rights Reserved
  • Privacy Policy
  • Terms of Use
  • Advertise
  • Subscribe
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT