Good morning, PE Hubsters! Rafael Canton here with you for the US edition of the Wire. We begin with a deal from the vitamins, minerals and supplements sector. Yellow Wood Partners has agreed to acquire VMS platform Holistic Health from Nestlé for $1 billion.

Headquartered in Switzerland with US headquarters in New Jersey, Holistic Health's portfolio of established brands includes Nature's Bounty, Osteo Bi-Flex and The Garden. The business generated sales of $1.2 billion last year. Dana Schmaltz, partner at Yellow Wood, said the portfolio provides specialty category leaders in high growth sectors of the attractive VMS market, including hydration, gut health and immunity.

Operating Holistic Health as a standalone entity will provide the opportunity to leverage the power of each brand to accelerate growth, enhance innovation and strengthen their market positions with consumers and retail partners. In August, L Catterton agreed to sell Thorne to Procter & Gamble for $3.8 billion in cash. Based in Summerville, South Carolina, Thorne is a provider of supplements.

L Catterton acquired Thorne in 2023. In another August deal, Riverside Company-backed Western Botanicals invested in Yellow Emperor, a liquid dietary supplement developer and manufacturer based in Eugene, Oregon. The deal was Western Botanicals' first add-on.

In May, Avista Healthcare Partners and Damier Group agreed to acquire Sanotact, a German vitamins, minerals, and supplements platform. Then we look at pro sports dealmaking – which has had a busy week. Kroenke Sports and Entertainment has agreed to acquire the Los Angeles Angels of the MLB.

The seller is the Moreno family. Led by Stan Kroenke, KSE also owns the Los Angeles Rams of the National Football League, the Denver Nuggets of the National Basketball Association and the Colorado Avalanche of the National Hockey League. The deal has yet to close and is subject to approval by the MLB.

On Monday, David Shuman agreed to acquire a minority ownership stake in the New York Islanders of the NHL. According to a release, the investment will not result in any changes to the team's day-to-day operations, front office leadership, or hockey operations. Shuman is the founder of Lateralus Holdings.

Based in New York, Lateralus is a venture capital firm that invests in high-growth technology companies. The VC fund counts Oura and web AI among its investments.