(Reuters) - Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds, according to a source familiar with the matter.
L1 Retail will take control of the chain from its private equity owners Carlyle Group. The deal was first reported by the Financial Times.
Carlyle Group bought Nature's Bounty, the owner of Holland & Barrett, in 2010 for $3.8 billion (£3 billion).
L1 Retail, Holland & Barrett, Carlyle Group and Nature's Bounty were not immediately available to comment.
(Reporting by Pamela Barbaglia and Parikshit Mishra; Editing by Bill Rigby)
Mikhail Maratovich Fridman is a Russian entrepreneur and businessperson who founded Alfa Group, Genesis Philanthropy Group, Alfa-Foto Cooperative and LetterOne Holdings SA and who has been at the helm of 7 different companies. Presently, he holds the position of Chairman for LetterOne Holdings SA and Chairman-Supervisory Board for Alfa Group. He is also Member of Public Chamber of Russian Federation and Member-Management Board at The Russian Union of Industrialists & Entrepreneurs and on the board of 8 other companies. In the past Mr. Fridman held the position of Chairman at Letterone Investment Holdings SARL, Executive Chairman & Chief Executive Officer for RN Holding OJSC, Executive Chairman & Chief Executive Officer at TNK-BP Ltd., Chairman at Alfa Finance Holdings AD, Chairman of Genesis Philanthropy Group and Member-Management Board at Council on Foreign Relations, Inc. He received an undergraduate degree from Moscow Institute of Steel & Alloys.
View full profile| Linked companies | |
|---|---|
Alfa Group
 Alfa Group Regional BanksFinance Alfa Group operates as a financial-investment conglomerates. Its businesses include financial services, investment, retail trade, water utilities, and mineral water production. The company was founded by Mikhail Maratovich Fridman, German Borisovich Khan, and Alexey Kuzmichev in 1989 and is headquartered in Moscow, Russia. | Founder |
| Russian Jewish Congress | Founder |
