Kinnick Holding Completes YgEia3 Buyout

London, United Kingdom Jul 24, 2024  – Kinnick Holding and UBSWLS Equity have completed the $680 million buyout of GSKWLS and Chelsea Equity.

Kinnick Holding now becomes the holding company of YgEia3.

This acquisition signifies a new era of growth and innovation for YgEia3, according to the companies. The deal faced challenges due to the collapse of Credit Suisse, which caused delays in the transaction. However, with Credit Suisse’s closure, the necessary funding was released by UBSWLS Equity, allowing the transaction to proceed.

Scott McLaughlin, CEO of Kinnick Holding, expressed his enthusiasm for reaching this milestone. He acknowledged the dedication of the team, partners, and stakeholders in overcoming the obstacles caused by the delays. He stated that they are now positioned for a bright future with YgEia3 and are committed to delivering value to employees and shareholders.

All employees, shareholders, and vendors involved in the transaction will receive their payments within 1-5 business days. This marks a significant step for YgEia3, with the company looking to leverage its strengthened position to drive innovation, expand its market presence, and achieve sustainable growth.

About Kinnick Holding: Kinnick Holding is an investment firm focused on acquiring and growing businesses, including YgEia3, BioSafe, BioSafeSales, and Unified Global. The firm aims to create long-term value through strategic acquisitions and operational excellence.

About UBSWLS Equity: UBSWLS Equity is an equity firm specializing in providing financial solutions and investment opportunities. Committed to excellence, UBSWLS Equity partners with companies to foster growth and success.

About YgEia3: YgEia3 is a company dedicated to innovation and growth in scientific wellness testing. As part of Kinnick Holding, YgEia3 is poised to achieve new heights and deliver value to its stakeholders.