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GNC Acquired

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By: Sean Moloughney

Editor, Nutraceuticals World

Ares Management LLC, Los Angeles, CA, and the Ontario Teachers Pension Plan, Toronto, Canada, recently ac­quired GNC Parent Corp., the parent company of General Nutrition Centers, Inc., Pittsburgh, PA, which is currently controlled by an affiliate of Apollo Management, LP. The total enterprise value for the transaction is $1.65 billion, subject to certain adjustments. “GNC is a market-leading retail platform that will be a terrific addition to our existing investment portfolio of retail and consumer product companies,” said David Kaplan, senior partner, Ares Management.

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