Harmos Horton Lusk advised NZX-listed Just Life Group Limited on its acquisition of dietary supplement business, About Health as part of Just Life Group’s acquisition strategy in the ‘healthy living’ and ‘healthy homes’ sectors. About Health is a leading provider of natural dietary supplements in New Zealand, including well-known brands Lester’s Oil and Res-V Ultimate. The acquisition completed on 30 April 2021.
The acquisition was funded through a combination of existing and new debt facilities and the proceeds of a non-underwritten 1 for 14 renounceable rights offer.
The firm advised Just Life Group on all aspects of the acquisition, its banking arrangements and the capital raising.
The Harmos Horton Lusk team was led by director Tim Mitchelson and included associates Jason Maddox, Michelle Van, Luke Sweeney and Bailey Atkinson.