Tributes are pouring in for Dr Sindi van Zyl. The much-loved healthcare activist, DJ and social media influencer lost her battle to Covid-19 on 10 April.
365 Digital is thrilled to announce its appointment as exclusive partner to TikTok in South Africa. The exclusive partnership specifies 365 Digital as TikTok's exclusive media representatives, who will be responsible for all advertising sales and account management in South Africa.Issued by365 Digital
Pan-African alternative investment firm, Exeo Capital, has announced an investment into Maia Group through the firm's food and agribusiness fund, Agri-Vie Fund II.
Image credit: Lifestyle on Kloof
The Maia Group, established by Simon Alston and Stuart Sinclair, is a holding company focused on consumer health businesses and currently includes Wellness Warehouse and True Health Holdings. Wellness Warehouse is a well-known natural health, food, beauty and homecare retailer, and True Health Holdings is a manufacturer, wholesaler and distributor to the broader natural healthcare market.
Consumer health category growth
Avril Stassen, senior partner at Exeo Capital, says that the decision to invest in this firm follows the strong market growth of the local consumer health sector. “The growth of the consumer health category has been good in South Africa over the last five years. Increased health awareness and preventative natural healthcare have been the major drivers of this trend, further spurred by the ongoing Covid-19 pandemic.”
Stassen says that market research has revealed that the Maia Group, through its investments in Wellness Warehouse and True Health Holdings, is in a prime position to take advantage of this trend and become a market leader in natural consumer healthcare.”
Exeo’s Agri-Vie Fund II is a private equity investment fund focused on food and agribusiness in Sub-Sahara Africa. Since 2008, this fund and its predecessor fund have invested over $150m in the food and agribusiness sector.
Accelerating growth plans
Commenting on Exeo Capital’s investment, Carlos Gomes, co-founder and chairman of Wellness Warehouse and True Health Holdings says, “I am very excited with our new partnership with Exeo. I look forward to the exponential growth we can expect in the burgeoning wellness industry. My brother Sean as co-founder and I are immensely positive about making our group the most prominent business in the wellness industry.”
Simon Alston, CEO of Wellness Warehouse, adds, “We are thrilled to partner with the team at Exeo Capital on this next stage of our growth. Not only do Exeo Capital bring extensive commercial experience and strategic insights to our group, but critically they share our values and understand the important role that a holistic approach to natural health and wellbeing can play in creating healthier communities.
"This is even more relevant today, and I believe that together we will achieve our ambition of making wellness accessible to more people.”
Distell and Invenfin have entered into a partnership with Releaf Pharmaceuticals to share ownership in South African cannabis wellness brand Rethink...
20 Jan 2021
Established by Sean and Carlos Gomes in 2006, Wellness Warehouse is one of South Africa’s leading independent natural health and wellness specialist retailers. Today, the company spans nearly 40 retail stores throughout the country, with another 30 to 40 stores scheduled to be opened in South Africa over the next five years. Additionally, the company will soon open its first international store in Mauritius and is actively exploring opportunities in other African countries.
True Health Holdings was established in 2017 through the acquisition of Absolute Organix, Neo Trading and Natural Organic Wholesale. This platform company’s focus is on the manufacturing, sourcing and distribution of an extensive catalogue of ethical, natural and organic products to the wider retail industry.
With the acquisition now concluded, Stassen says that the growth strategies of both these companies can now be accelerated. “The health and wellness theme fits squarely into Agri-Vie’s focus areas – which includes nutraceuticals, natural products, and ingredients with a link to agriculture. Over the coming years, we expect to see some impressive results from the Maia Group,” he concludes.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.