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01/2026

ARDIAN invests in IVB Wellness Lab

SPAIN Life Sciences / Nutrition & Dietary Supplements REV 1m EUR - 100m EUR

Context

Announced in January 2026, the definitive agreement entered into by Ardian Growth to acquire a minority stake in IVB Wellness Lab establishes a joint ownership consortium alongside the target's founders and historical shareholder Label Capital. Under the structured minority growth recapitalization, co-founders Dr. Isabel Viña Bas, Valerio Soto Ferri, and Carlos Viña Bas maintain their operational executive leadership roles alongside their equity ownership to steer the company's next expansion cycle. Paris-based growth equity firm Label Capital, having initially invested in the business, remains an active minority partner within the shareholding consortium. From a strategic perspective, the entry of the private equity sponsor aims to allocate institutional expansion capital to accelerate the brand's omnichannel penetration beyond its core Spanish retail pharmacy footprint into broader European distribution corridors. Additionally, the strategic roadmap focuses on scaling proprietary data-driven direct-to-consumer (D2C) marketing channels, bolstering the laboratory's ongoing medical R&D formulations, and supporting new clinical validation studies across specialized metabolic wellness lines. The transaction mobilized an advisory syndicate spanning corporate, financial, and strategic due diligence scopes across Spain and France. On the buy-side, Ardian engaged Garrigues Madrid for corporate legal structuring, while Eight Advisory conducted financial, legal, labor, and tax due diligence audits, and Digital Value managed strategic due diligence reviews. For the selling and target entities, IVB Wellness Lab was advised by Alvarez & Marsal on financial advisory alongside Garrigues Valencia for legal counsel. Label Capital retained White & Case, Mayer Brown, and EY Abogados as corporate legal advisors. Subject to customary completion requirements, transaction closing is scheduled for the first quarter of 2026.

IVB Wellness Lab, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.6x).

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Target

Headquartered in the coastal city of Valencia, IVB Wellness Lab operates as a science-backed dietary supplement brand focused on metabolic health, hormonal balance, and general wellbeing. Operating under an asset-light corporate structure, the Spanish laboratory develops, formulates, and commercializes differentiated nutritional solutions targeting specific physiological needs, including specialized women's health formulations and fundamental mineral supplementation like magnesium and omega-3. The company couples scientific formulation with clinical oversight and active collaborations across hospital research ecosystems to validate product efficacy. Its commercial model combines a direct-to-consumer (D2C) digital infrastructure—supported by an engaged social following cultivated through educational health media, including the specialized podcast "Tus amigas las hormonas"—with a nationwide wholesale pharmacy presence comprising approximately 2,000 retail dispensing pharmacies throughout Spain. Under the ongoing scientific direction of medical doctor and researcher Isabel Viña Bas, the enterprise relies on targeted active ingredient sourcing to address non-pathological chronic complaints and metabolic regulation across diverse consumer demographics.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
2025

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: ivb wellness lab

Acquirer: ardian