King & Wood Mallesons (KWM) has advised J.P Morgan Australia Limited and Citigroup Global Markets Australia Pty Limited in their role as Joint Lead Managers and Underwriters to the Vitaco Holdings Limited IPO.

Vitaco manufactures and distributes branded products servicing domestic and offshore nutrition, health and wellness markets.

The IPO values Vitaco at $332 million on an enterprise value basis and a $292.2 million market capitalisation. Vitaco will issue 110.3 million new shares as part of the float, while 28.8 million shares will be held by existing investors including private equity firm Next Capital. Next Capital will own 15.3 per cent of the listed company.

The KWM team included, partners Shannon Finch and Meredith Paynter, supported by senior associate Hoda Nahlous and solicitor Melanie Gilbert.

Commenting on the deal, KWM partner Shannon Finch said, “We are pleased to have been able to advise J.P Morgan and Citigroup on this significant listing. We congratulate Vitaco on the successful launch of its IPO.”