Ethica Corporate Finance advised the shareholders of IAF Network, the company owning the IAFSTORE e-commerce platform for the sale of food supplements, nutritional products and over-the-counter (OTC) drugs, in the sale of a majority stake to the private equity fund L Catterton Europe. The founding shareholders, Alessandro and Stefano Coradi, will retain a minority share and will continue to act as managers of the company.
Founded in 2007 as an e-commerce distributor of third-party products, today IAF Network boasts a database of 700,000 active clients and offers a wide portfolio of food supplements, nutritional products and OTC drugs. The company counts seven brands, each dedicated to a specific market segment (Yamamoto® Nutrition, Yamamoto® Research, IAFSTORE®, OneProtein, Alphazer®, Yamamoto® Active Wear and Smile Crunch), thus offering a broad selection of high-quality food supplements.
The acquisition will enable IAF Network to consolidate its leadership in the Italian market and boost future development, with a focus on the internationalization of the business.