Acquisition of BeLive by BioneXX – financing by HF Private Debt and LFPI
With a Frankfurt-based team led by Partner Thomas K. Schrell, business law firm Heuking Kühn Lüer Wojtek advised HF Private Debt Fonds, SCSp, LFPI Debt Opportunities Fund S.C.A., SICAV-RAIF, and LFPI Mezzanine S.C.A SICAR on financing another add-on acquisition of BioneXX Holding.
BioneXX group, a holding of FINEXX GmbH, acquired U.S.-based BeLive, one of Amazon’s leading nutritional supplement retailers, in an asset deal. Financial details of the transaction were not disclosed. Founded in 2017, the company has become an established brand in the nutritional supplement sector in the U.S., Canada, and the UK. Following the acquisition of GSE in 2018, shareholder FINEXX has now been funding BioneXX’s acquisition of BeLive, its fourth investment.
BioneXX Holding GmbH is a market-leading holding company for certified organic and organic food supplements with established brands such as GSE Vertrieb, Feelgood Shop, nat4life, and FITNE. Established in 2018, the Stuttgart-based company is led by General Manager Stefan Heuvelmann.
About HF Private Debt
HF Debt GmbH is the exclusive advisor of Luxemburg-based HF Private Debt Fonds, SCSp which is providing private debt financing to small and medium-sized companies (EBITDA between EUR 2-10 million). Typical financing venues are growth financing, corporate successions. With a clear focus on the German-speaking area (DACH), HF Private Debt invests in well established companies with a proven business model.
For more information, visit www.hf-debt.com
LFPI Group is one of the leading independent multi-strategy asset managers in Europe with 14 billion euros of assets under management invested in private equity, private debt, real estate, listed asset management and private management. With offices in Paris, New York, and Frankfurt, LFPI Group provides unitranche and subordinated financing to private equity sponsors and corporates in the private debt sector. The BioneXX financing included investments from the group’s most recent debt fund (LFPI Debt Opportunities) with a target size of EUR 300 million. Financing was structured by LFPI Group’s Frankfurt office (LFPE GmbH).
For more information, visit www.lfpi.com
Counsel to HF Debt GmbH/LFPE GmbH
Heuking Kühn Lüer Wojtek:
Thomas K. W. Schrell, LL.M. (Lead, Banking & Finance), Frankfurt
Anja Harms (Banking & Finance), Frankfurt