On March 18, 2024, Goli Nutrition Inc. has entered into a definitive agreement for acquisition by a consortium including Group KPS, Bastion Capital, and one of Goli’s original founders. This move aims to enhance Goli’s financial structure and expand its market reach and product innovation. Goli, known for its extensive customer base and global retail partnerships, will benefit from Group KPS’s distribution network in Latin America and Bastion Capital’s experience in consumer business investments.

The acquisition is anticipated to bolster Goli’s innovation capabilities and sustain its growth. Group KPS, already distributing Goli products in Mexico, acknowledges the brand’s potential for further expansion. The transaction is backed by lenders and follows a pre-packaged plan under Canada’s CCAA, with an initial order from the Superior Court of Quebec facilitating the process, including a stay of proceedings.

The deal awaits court approval in Quebec and the U.S., but Goli will maintain its business operations and commitments during this period. Canaccord Genuity Corp. and Bennett Jones LLP are advising the acquiring group, while Davies Ward Phillips & Vineberg LLP represents Goli.