Naväge Nasal Care has been sold to French Transit, a portfolio company of Juggernaut Capital Partners
Naväge Nasal Care
Naväge Nasal Care is a disruptive, over-the-counter saline nasal irrigation device that supports an all-natural, drug-free way to maintain nasal health, wellness and hygiene. Its products provide relief for nasal congestion resulting from cold and flu, allergies and sinusitis, among others. Naväge brings disruptive innovation to its product categories, resulting in a superior user experience that addresses key barriers to adoption and drives loyalty and compliance among users. The company has an omnichannel distribution strategy with products sold at key national retailers, on Amazon and on its website. Incorporated as RhinoSystems, Inc and based in Cleveland, the company was privately owned by founder Martin Hoke, his wife Maria Hoke and other individual investors. For more information, please visit www.navage.com.
After years of superior growth, Naväge engaged Lincoln International as its exclusive financial advisor to find a partner that could support the company with its next phase of growth. Supported by its experience and deep industry knowledge, Lincoln ran a tailored process including both strategic and financial investors while providing critical strategic advice to deliver a successful outcome to all parties involved. This transaction continues Lincoln’s track record in consumer healthcare as well as the firm’s longstanding history of completing successful transactions for owner-entrepreneurs and private companies. The terms of the transaction were not disclosed.
Martin Hoke, President and Founder of Naväge, said, “We hired Lincoln International based on their knowledge of the industry and on their relationships with key industry participants and investors. They’ve done a phenomenal job both at running the process itself, but also at showcasing what makes Naväge unique and disruptive. Their strategic advice was instrumental in negotiating the right transaction for our shareholders as well as for our equity-owner employees, and their commitment to achieve the best possible outcome has truly gone so far above and beyond what we expected: outstanding performance! We’re very excited about the next chapter of growth for Naväge in partnership with Juggernaut.”
Riccardo Cazzoli, Managing Director in Lincoln’s Consumer Group, commented, “Naväge’s management team has excelled in building a truly differentiated, category-disrupting solution. Naväge has demonstrated its ability to address the needs of a broad and diverse user base, with strong product adoption and high conversion, while still being in the early stages of what will be a major industry success story. The passion and commitment that they have put into building the business from what was once a simple idea is truly remarkable. We are honored to have contributed to achieve this successful outcome. Juggernaut Capital Partners and French Transit are the perfect new home for Naväge. They bring tremendous industry knowledge, a like-minded approach and the capabilities to help drive the continued success of the company.”
French Transit is a consumer health and wellness products platform focused on better-for-you consumer health and personal care brands and products. The current portfolio of brands includes nasal health products, safe and effective natural deodorants, premium natural skincare products and beauty-focused teeth whitening products.
Juggernaut Capital Partners
Founded in 2009, Juggernaut is a middle-market private equity firm specializing in buyouts and growth investments across the consumer and healthcare sectors. The senior investment team has worked together for an average of 14 years at Juggernaut and prior firms and draws on more than 100 years of collective investment experience. For more information, please visit www.juggernautcap.com.
We hired Lincoln International based on their knowledge of the industry and on their relationships with key industry participants and investors. They’ve done a phenomenal job both at running the process itself, but also at showcasing what makes Naväge unique and disruptive.
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.