Kainos to exit SlimFast in $350 mln sale

Kainos Capital said Oct. 11 that it agreed to sell SlimFast to Glanbia plc in a transaction valued at $350 million. The deal includes SlimFast's sister company, HNS. SlimFast, of Palm Beach Gardens, Florida, provides nutritional products, including weight management and health and wellness products. Harris Williams and Sawaya Partners served as financial advisers to SlimFast, while Winston & Strawn acted as legal counsel.

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