Kirkland & Ellis represented Vitamin Shoppe, Inc. (VSI), which along with Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, announced today that they have entered into a definitive agreement under which Liberty Tax will acquire The Vitamin Shoppe in an all cash transaction valued at approximately $208 million. The Vitamin Shoppe is an omni-channel, specialty retailer of nutritional products. The Vitamin Shoppe shareholders will receive $6.50 per share, which represents a premium of 43% to its closing share price on August 7, 2019, and a premium of approximately 59% to the 30-day volume weighted average price for the period ended on August 7, 2019. The transaction is expected to be completed in the fourth quarter of 2019.
The Kirkland team included partners Michael Brueck, Christian Nagler and Shaun Mathew and associate Francisco Morales.