Leading food, wellbeing and natural healthcare company Manuka Health has won the 2015 New Zealand Private Equity and Venture Capital Association (NZVCA) Deal of the Year Award for its investors.
The NZVCA Deal of the Year Award recognises outstanding performance in the private equity industry. The entry was made by Waterman Capital, one of several Manuka Health investors.
“We are proud of the development of Manuka Health within such a short space of time. It’s fantastic to have that accomplishment recognised with such a hotly contested award,” says Manuka Health founder and CEO, Kerry Paul.
“We are grateful to all of our investors for recognising the potential of Manuka Health. Since being founded in 2006, it has grown to become one of the world’s largest natural healthcare companies. Our products are now sold in 50 countries, and recognised for their quality, New Zealand origins and proven health benefits.”
Entries were judged on return to investors and the company's financial performance. The company's contribution to the economy, employment, innovation, consistency and industry competitiveness was also taken into account.
Manuka Health has experienced rapid growth in recent years, with revenue growing from $17m in 2012 to approximately $70m in the current year.
The success of the brand and the liklihood of future expansion was recognised by Pacific Equity Partners, which purchased Manuka Health in September 2015. An Australasian investment business, PEP has a wealth of experience investing in and growing consumer products businesses, including Griffin's Foods, Tegel and Frucor.
The acquisition will allow Manuka Health to continue pursuing key growth regions including China, USA, Germany, Australia, New Zealand and Japan while still expanding its presence in over 40 other countries. The company is also aggressively pursuing growth through product category expansion across wound and personal care.