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Blyth Increases Stake in ViSalus

Candle maker holds more than 80% of fitness drink marketer.

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By: TOM BRANNA

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Blyth, Inc. has increased its ownership in ViSalus to more than 80% for a payment of $57.4 million to ViSalus management. ViSalus is a marketer of fitness drinks and supplements. As part of the agreement, members of ViSalus have agreed to exchange their membership interests for capital stock of ViSalus, Inc. which will be redeemable in December 2017 for a total redemption price of $147.5 million. ViSalus will also redeem in January 2013 all of the outstanding interests under its Equity Ince...

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