Orgain is US’ leading plant-based functional nutrition platform
Butterfly, a Los Angeles-based private equity firm specializing in the food sector, has announced that Nestlé Health Science has agreed to acquire a majority stake in its portfolio company Orgain, the U.S.’ leading plant-based functional nutrition platform.
Butterfly and Dr. Andrew Abraham, Orgain’s Founder and CEO, will retain significant minority ownership positions in the company. Dr. Abraham will continue to lead the company as CEO.
Butterfly, alongside investors Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and DCP Capital, acquired a majority stake in Orgain in November 2019. Ontario Teachers’ and DCP Capital will also maintain minority ownership positions in the company.
Orgain’s primary purpose is to make delicious clean and organic nutritional products to help people lead healthy, vibrant lives. Its products include meal replacement shakes, protein powders and snack bars for adults and kids.