Estimated Control Announced Transaction verified SupplementsVitaminsVMSWellness

Thorne acquired by Procter & Gamble

Procter & Gamble agreed to acquire Thorne, a US supplements brand, on Aug 4, 2026.

Transaction summary

Target
Thorne
Acquirer
Procter & Gamble
Seller
L Catterton
Announced
2026-08-04
Geography
United States
Tags
SupplementsVitaminsVMSWellness
Type
Acquisition
Deal type
Control
Stake acquired
-
First added
2026-08-08
Latest update
2026-09-17

Parties at the deal date

Seller

L Catterton

L Catterton is one of the world's leading consumer products focused private equity firms. L Catterton has deep expertise in consumer products, having made more than 200 investments since 1989, and being co-owned by LVMH (which owns brands including Louis Vuitton). We are able to provide our portfolio companies with access to substantial in-house and external resources to drive operational improvements and further growth. L Catterton has five current consumer brand investing platforms: a Flagship Buyout fund focused on $50-400m investments in North American and European companies, a North American Growth fund focused on $10-50m investments, a Latin American Fund focused on $40-75m investments, a Western Europe fund focused on EUR 25-75m investments, and an Asia fund focused on $50-150m investments. L Catterton also has a real estate fund that invests as a co-developer in large scale, mixed-use projects anchored by luxury retail. L Catterton was formed in 2016 through the merger of L Capital (the PE arm of LVMH) and Catterton, a US Private Equity firm.

Snapshot preserved for this transaction; current company profiles may differ.

Value and multiples

Price / value

USD 3.8B

Consideration | USD

Basis: Public source

Price / revenue

5.85x

Period: Forward 2026

Basis: Derived from source data

Price / EBITDA

-

EBITDA basis not stated

Basis: Derived from source data

Basis

  • USD 3.8bn consideration is treated as publicly disclosed or derived directly from public source data.
  • Implied Price / revenue is 5.85x, calculated from USD 3.8bn value and USD 650m revenue.
  • Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
  • Metric period: Forward 2026.

Source summary

Procter & Gamble FY2026 Form 10-K — Thorne subsequent event

Confirmed

P&G discloses its 4 August 2026 agreement to acquire Thorne for USD 3.8bn. Completion remains subject to approvals and closing conditions.

Open source

TIKR — Thorne revenue and forecast (7 August 2026)

Estimated

TIKR reports FY2025 revenue above USD 500m and a forecast of approximately USD 650m for 2026. Using the USD 3.8bn purchase price, FundComb calculates below 7.6x FY2025 revenue and approximately 5.85x forecast 2026 revenue.

Open source