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Yellow Wood Partners is hungry for corporate carveouts.

Driving the news: The firm's $1 billion deal for parts of Nestlé's vitamin, minerals, and supplement business — including the Nature's Bounty brand — will mark its sixth carveout.

Yellow Wood sees platform play in Nature's Bounty

Partner Dana Schmaltz chats about the firm's VMS ambitions after its $1 billion deal for parts of Nestlé's vitamin, minerals and supplement business.

Smiling man in a dark suit and pink shirt, wearing a blue patterned tie, stands in a blurred indoor setting with warm bokeh lights.

Yellow Wood Partners partner Dana Schmaltz. Photo: Courtesy of Yellow Wood Partners

Yellow Wood Partners is hungry for corporate carveouts.Driving the news: The firm&#x27;s <a class="gtmContentClick" data-vars-link-text="$1 billion deal" data-vars-click-url="https://www.axios.com/pro/retail-deals/2026/09/01/nestle-1b-holistic-health-yellow-wood-partners" data-vars-content-id="14def001-0109-4ee1-9249-af4fa6f135c3" data-vars-headline="Yellow Wood sees platform play in Nature&#x27;s Bounty" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/pro/retail-deals/2026/09/01/nestle-1b-holistic-health-yellow-wood-partners" target="_self">$1 billion deal</a> for parts of Nestlé&#x27;s vitamin, minerals, and supplement business — including the Nature&#x27;s Bounty brand — will mark its sixth carveout.

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Yellow Wood sees platform play in Nature's Bounty

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