Bonine
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Bonine - overview
Location
Sarasota, FL, US
Primary Industry
Pharmaceuticals
About
Bonine is a company focused on providing effective motion sickness relief solutions, primarily through its core product, Bonine®, which alleviates nausea and dizziness associated with travel. Bonine specializes in motion sickness remedies, particularly through its flagship product Bonine®. The company was acquired by WellSpring Pharmaceutical Corporation, a portfolio company of Ancor Capital Partners, in September 2014, although financial details were not disclosed. Bonine operates from Sarasota, US, and has engaged in one investment deal as of September 4, 2014.
Bonine is primarily engaged in providing motion sickness relief solutions, with its core product being Bonine® itself, designed to alleviate symptoms such as nausea, vomiting, and dizziness caused by motion sickness or morning sickness. The product is formulated to dissolve on the tongue, making it user-friendly and effective for individuals prior to engaging in activities that may induce motion sickness, such as traveling by boat, train, or plane. Bonine® is targeted towards consumers who seek relief from motion-related discomfort, including families with children, frequent travelers, and individuals prone to nausea during various forms of transportation. The company’s products are available across multiple geographical markets, including the United States and other regions where travel-related health products are in demand.
Bonine's revenue structure is built around direct-to-consumer sales and partnerships with retailers and wholesalers, allowing for broad accessibility of its products through both online platforms and physical stores. Transactions typically occur at retail points where consumers purchase Bonine® products for immediate use, catering to individuals preparing for travel or recreational activities. The flagship product, Bonine®, follows a pricing strategy aligned with other motion sickness medications in the market, ensuring competitive positioning. The company focuses on maintaining a customer-centric approach, emphasizing satisfaction and feedback, potentially enhancing customer loyalty and repeat purchases.
Such transactional dynamics highlight Bonine's commitment to addressing the needs of its clientele effectively while expanding its market presence. Bonine's strategy for growth includes the potential development of new products designed to enhance its offerings in the motion sickness market. While specific details on upcoming products and launch dates are not provided, the company aims to expand its presence into new geographic markets. The financial backing from the acquisition by WellSpring Pharmaceutical Corporation could facilitate these initiatives, enhancing its capabilities for product development and market penetration.
Current Investors
WellSpring Consumer Healthcare
Primary Industry
Pharmaceuticals
Sub Industries
Healthcare, Pharmaceuticals
Website
www.bonine.com
Verticals
Manufacturing, Wearables & Quantified Self
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Bonine - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Bonine | - |
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