Holland & Barrett, a chain of health food shops which dates back to 1870, was bought in 2010 by the United States hedge fund The Carlyle Group, who also own the far bigger U.S. chain, Nature's Bounty.
L1 Capital will pay £1.8 billion ($2.3 billion) to acquire Holland & Barrett from U.S. private equity powerhouse Carlyle, which has owned the retailer since 2010.
The stores chain was founded in Bishop's Stortford, Hertfordshire, in 1870, and now employs more than 4,000 people. Its annual revenues a year ago exceeded 610 million.
Jonathan Buxton, partner and head of retail at Cavendish Corporate Finance, said the takeover by L1 Retail could help Holland & Barrett fend off growing competition. The transaction is expected to close by September 2017 subject to customary regulatory approvals.
Holland & Barrett has been sold to investment firm, L1 Retail, for $1.8 billion.
AFP 2017 NATALIA KOLESNIKOVARussia's Mikhail Fridman Invests $50Mln in US-Based Freedom Pop Start-Up
Health food store Holland & Barrett has been sold to a Russian billionaire for £1.8bn.
LetterOne was founded in 2013 and is an worldwide investment business headquartered in Luxembourg.
L1 also has funds focused on energy, technology and health. However, he is at the helm of the investment fund, worth 2.5 billion euro and only created previous year to buy its way into the European retail industry.
The company boasts a very experienced advisory group including John Walden, the former chief executive of Home Retail Group, and Karl-Heinz Holland, who was chief executive of the German discount supermarket Lidl.
This year Latham has advised Carlyle on its €400m (£351m) acquisition of Italian fashion brand Golden Goose Deluxe Brand, as well as its $400m (£314m) investment in ION Investment Group, a global provider of mission-critical software to financial institutions and corporates.
He was chased by Liverpool last summer, having been one of Portugal's better players as they triumphed at Euro 2016. The Premier League champions are also keen to re-sign Everton striker Romelu Lukaku this summer.
Last week, Comey testified in a Senate hearing that he believed he was sacked "because of the Russian Federation investigation". Dianne Feinstein (D-CA), who said she's anxious that the President will try to fire both Mueller and Rosenstein.
The Angels finished off a series victory against the Red Sox with a game worked by three pitchers acquired for basically nothing. Angels INF Yunel Escobar was out of the lineup again on Sunday after injuring his thumb on a diving play in Friday's game.
The timing - early in the morning - and the targets - seemingly Republican elected leaders - make this crime even more insidious. Scalise "is under heavy sedation, and he's been in surgery, I think, all of the three times I've been there", Richmond said .
I can only speculate that I must have been attacked in the park, given my unresponsive state and subsequent physical condition. In addition to trying to locate Aramazd, police are still trying to determine why the boy's father was passed out in the park.
RyePride, the Trans Collective and Ryerson engineers also marched alongside engineering students from the University of Toronto. Toronto Mayor John Tory and Assembly of First Nations Chief Perry Bellegarde (below) also took part.
Gent midfielder Kenny Saief , who recently filed a one-time switch from Israel to the U.S. , was named to the 23-man team. Sean Johnson is returning to worldwide action as the New York City FC goalkeeper has been named to the U.S.
Kumar, daughter of Congress leader Jagjivan Ram, occupied Speaker's office between 2009 and 2014, during the UPA's second term. In the video, when Swaraj's speech entered into the fourth minute, the Speaker started asking her to conclude.
Eleven defendants were sentenced to nine months' imprisonment and five defendants to 10 months, Crown Resorts said. All three have already served eight months in a Shanghai jail, and their sentence includes time already served.
Early this month, two of four crew members of a North Korean fishing boat which drifted to the South refused to return home. Choue Chung-won, director of the World Taekwondo, said the North Koreans will stay for the duration of the games.
Bernie Sanders again announced his intent to seek a federal minimum wage increase to $15 per hour this past April. With several more hikes to go, one can expect even more economic damage to Seattle's most vulnerable.
US mayors OK plan to use only renewable energy
The analysis of National Renewable Energy Laboratory and Energy Information Administration data comes before the start of the U.S. It's the first time Miami Beach has hosted the event since 1962.
Man convicted of 2nd-degree murder in killing of Baby Doe
Bond pleaded guilty in February to being an accessory to murder after the fact and testified under a plea deal with prosecutors. Rachelle Bond , Bella's mother and McCarthy's former girlfriend, testified that she helped dispose of the little girl's body.
Dassey attorneys ask for his immediate release
Let me know in the comments! The state of Wisconsin argues that detectives did nothing wrong. Zellner says the bullet fragment found in Avery's garage was not shot through Halbach's head.
Apple releases iOS 11 preview. Here's what's new
You might see bugs, your iPhone or iPad could crash more often, and some of your apps and services might not work. However, some may want to wait until the final version is released, just in case there are any problems.
Rep. Moulton calls for new Democratic leadership
Kathleen Rice from NY told CNN that it's time for the Democrats to let her and the entire Democratic leadership team go. Over the past several election cycles, GOP operatives have used Pelosi as a foil, and as a proxy for a liberal agenda.
Shutout moves Twins back into first place
NOTES: The Indians reinstated RHP Cody Allen from the paternity list and optioned RHP Adam Plutko to Triple-A Columbus. Santana pitched six shutout innings, surrendering up nine hits, but he did not issue a walk and struck out seven.