Bain Capital and Blackstone Inc. are among private equity firms in the next round of bidding for Vitabiotics Ltd., the UK vitamin company led by ex-Dragons’ Den investor Tej Lalvani, according to people familiar with the matter.
EQT AB and TPG Inc. have also proceeded in the bidding process for Vitabiotics, which sells some of the UK’s most popular supplement brands, the people said. The business could be valued at about £900 million ($1.2 billion) in a deal, said the people, who asked not to be identified as the information is private.