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Sloane & Company is representing The Vitamin Shoppe in its acquisition by Liberty Tax Inc., a deal valued at about $208 million.
Liberty Tax, the parent company of Liberty Tax Service and Buddy’s Home Furnishings, says it intends to fund the $6.50-a-share transaction with up to about $170 million in debt financing, available cash and the issuance of common stock.
The purchase price represents a premium of more than 43 percent above Vitamin Shoppe’s Aug. 7 closing price of $4.54 per share.
“We have great confidence in the value of The Vitamin Shoppe, its ongoing strategic reinvention plan and the outstanding efforts of The Vitamin Shoppe leadership team and associates,” said Pat Cozza, an independent member of Liberty Tax’s board of directors.
The Vitamin Shoppe operates more than 750 retail outlets under The Vitamin Shoppe and Super Supplements banners.
Sloane & Company managing director Dan Zacchei and senior vice president Joe Germani are handling the deal.
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