Origin Merchant Partners (“Origin”) served as Sales Agent on the sale of the Iovate Health Sciences (“Iovate”) business, a leading global sports and active performance nutrition platform, pursuant to a court‑supervised restructuring process under the Companies’ Creditors Arrangement Act (“CCAA”).
Founded in Oakville, Ontario, Iovate is a well‑established developer, marketer, and distributor of sports nutrition and weight management products, with a globally recognized portfolio of brands including MuscleTech, Six Star, Hydroxycut and Purely Inspired. The Company distributes its products across North America and internationally through major retail, e‑commerce, and specialty channels, and has historically been one of the largest participants in the global supplement market.
Following a period of sustained financial pressure driven by rising input costs, leverage under syndicated credit facilities, and recent legal disputes, Iovate commenced a cross‑border restructuring process in late 2025. Proceedings were initiated under Canada’s CCAA, with KSV Restructuring Inc. appointed as Monitor, and parallel recognition in the United States under Chapter 15 to facilitate a comprehensive reorganization and sale process.
The restructuring included a competitive court‑supervised sale and investment solicitation process (“SISP”), conducted by Origin as sales agent, culminating in the execution of a subscription agreement in April 2026. The transaction was approved by the Ontario Superior Court of Justice (Commercial List) on April 16, 2026, and subsequently recognized by the U.S. Bankruptcy Court, enabling the completion of a cross‑border restructuring transaction.
The transaction was implemented through a reverse vesting structure, pursuant to which the existing shares of the parent entity were cancelled and new common shares were issued to the purchaser, 1001542267 Ontario Inc., as part of a broader balance sheet reset.
About Iovate:
Iovate is a leading nutrition and supplement company known for its innovative products and commitment to quality, serving consumers in over 130 countries. Iovate Health Sciences International was founded in 1995 and is headquartered in Oakville, Ontario, Canada. The company specializes in active nutrition and weight management supplements, aiming to inspire active lives through nutrition and wellness for a healthier tomorrow
Deal team: Greg Martin, Cathy Steiner, Campbell Yelle
