N&Q: Family office/private equity deals; insight into one of Europe’s wealthiest families

Family office/private equity deals

Rosewood Private Investments, a Texas-based family office, has acquired Health Natural Inc, a contract manufacturing and packaging subsidiary of RiceBrand Technologies, for $18.3 million. Rosewood has a particular focus on the nutrition and wellness, aerospace, manufacturing technologies and environmental services sectors, according to a press statement about the sale of Health Natural. The family office is owned by the Hunt family, whose fortune came from the activities of H.L. Hunt, an oil tycoon, who became one of America’s wealthiest individuals.

Cohen Private Ventures, a family office linked to hedge fund guru Steven Cohen and his family, has invested in DocASA, a US-based healthcare startup. The amount of the investment wasn’t disclosed.

Nirvana Health Group, a family-controlled healthcare group based in New Zealand, has sold a 50% stake to Australian private equity group, Mercury Capital, for an undisclosed sum. Nirvana is one of the biggest primary care groups in New Zealand.

 

The family behind Boehringer Ingelheim

A detailed analysis of the family that controls one of Europe’s biggest pharmaceutical companies, Boehringer Ingelheim, has been written for Bloomberg. Controlled by the Boehringer and von Baumbach families, who are also related, Boehringer Ingelheim wants to position itself as a top 10 pharmaceutical business. Nevertheless, it’s facing challenges, as detailed in the article, about how to go about achieving strong growth, particularly around the issue of bringing in outside investors to help it achieve its goal.