We have advised VITHIT, the Dublin-founded functional drinks brand, on its acquisition by Nichols plc (AIM: NICL), the diversified soft drinks group.

Founded in 2001, VITHIT is a category-leading functional drinks brand offering a portfolio of low-calorie, low-sugar beverages fortified with vitamins and functional ingredients. The acquisition represents a significant strategic milestone for Nichols and aligns with its strategy of investing in differentiated soft drinks brands operating in attractive growth categories.

Nichols has acquired 100% of the issued share capital of VITHIT Limited and its subsidiaries for a total cash consideration of €75 million on a debt-free, cash-free basis.

The Arthur Cox team advising VITHIT was led by John Matson (Corporate and M&A) and includes Patrick Munnelly, Susan O’Leary and Eva Glynn (Corporate and M&A), together with Elaine Mooney and Ruth O’Sullivan (Tax), Olivia Mullooly, Shay Buckley and Kerry Burns (Technology and Innovation), Colin Kavanagh, Bridget Clinton and Aoibhín Ní Dhubháin (Life Sciences), Sarah Faulkner and Aedín McHugh (Employment) and Michael Shovlin (Pensions and Employee Benefits).

For full details of the transaction, visit the London Stock Exchange website.