Cerea Partners arranged a unitranche financing for Dentressangle's acquisition of the CDMOs Naturacare and Dietopack, aiming to enhance operational synergies and market positioning in the growing dietary supplements sector.

Target Company Overview

On October 12, 2023, Cerea Partners successfully arranged a unitranche financing that facilitates the acquisition of Naturacare and Dietopack by the Dentressangle family holding. Both Naturacare and Dietopack are specialized Contract Development Manufacturing Organizations (CDMOs) focused on producing dietary supplements.

Naturacare, located in Montaigu, Vendée, was formed through the merger of three companies from France, Belgium, and the Netherlands. Dietopack, an Italian operator based in northern Modena, complements Naturacare's capabilities. Together, they specialize in the production of dietary supplements for both human and animal health, as well as dry cosmetics.

Industry Overview in France

The dietary supplement industry in France is experiencing robust growth, driven by several structural trends. There is a notable shift towards outsourcing production to CDMOs by dietary supplement brands and pharmaceutical laborator