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Kainos Capital Completes Nutrisystem Deal

Food and consumer businesses private equity firm Kainos Capital has completed its previously announced acquisition of Nutrisystem for $575 million. The transaction reestablishes Nutrisystem as an independent company.

Andrew Rosen, Managing Partner of Kainos, said, “We are excited to add Nutrisystem to the Kainos portfolio of companies.  The Nutrisystem platform provides accessible and convenient weight management products and tools that enable consumers across the nation to achieve their healthier lifestyle goals. This opportunity is particularly attractive during the pandemic when health and wellness is top of mind and it is more challenging for many people to access affordable, healthy meals.” 

Bob Sperry, a Partner of Kainos, added, “The investment in Nutrisystem builds on the Kainos team’s strong history in the health and wellness space, including SlimFast, which we established as one of the fastest-growing brands in the weight management category under our ownership. We look forward to implementing the Kainos Change Capital strategy together with the Nutrisystem management team.”

The Private Capital Group of MSD Partners, L.P. has partnered with Kainos Capital in this transaction in the form of a preferred and common equity investment.

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