Asian investor takes 80% stake in Better Health Co supplements business

Tue, 31 Jan 2017

By Paul McBeth Jan. 31 (BusinessDesk) - Better Health Co has sold an 80 percent stake to an Asian private equity fund to help the Lower Hutt-based supplements maker break into export markets. The Overseas Investment Office approved the deal in December, where ORA New Zealand, a private equity fund ultimately controlled by pan-Asian alternative asset fund manager China Diamond Holdings, acquired the stake in "sensitive land" and "significant business assets". The consideration paid was withheld. The Better Health Co manufactures and d...

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