Healthcare & Life Sciences
Hexagon Nutrition raises private equity from Somerset Indus Capital Partners
About
Hexagon Nutrition
Hexagon Nutrition is a leading home grown global nutrition player servicing over 70 countries with their vast portfolio of branded nutrition products and micro-nutrient premixes. The Company predominantly operates in 2 segments viz. Premix segment-where micronutrient premixes are supplied across 70+countries and Clinical Nutrition segment–where company owned branded products such as Pentasure, Pedia Gold, Obesigo, etc. – are supplied to hospitals and also available over the counter. Hexagon recently won ET’s Best Healthcare Brand award for 2016 and the Dun & Bradstreet Award for Excellence in Pharma sector
Somerset Indus Capital Partners
Somerset Indus Capital Partners seeks to make private equity and equity-related investments primarily in growth-oriented healthcare companies in India. Somerset is led by experienced team of healthcare professionals having experience in private equity and consulting. They leverage on their successful private equity investment experience, in depth India specific healthcare experience and healthcare systems knowledge to make investments in Indian healthcare companies that can deploy the capital successfully to grow their business and increase profitability.
Background
We are pleased to announce that our client Hexagon Nutrition Private Limited (“Hexagon”), a leading global nutrition solutions provider, offering branded Nutrition products & Micronutrient premixes, has raised Series A growth capital from Somerset Indus Capital Partners.
Hexagon’s branded consumer business is witnessing rapid growth both over the counter and in hospitals. The funds raised will be used to further grow the branded consumer business segment globally.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to Hexagon and its promoters in the transaction. VedaCorp provided comprehensive transaction advisory services, including positioning, valuation and negotiation of definitive agreements, leading to the successful closure of the transaction.