Private investment house Ardian entered into an agreement to buy a majority stake in Inula Group from private equity firm Vendis Capital Management and the Belgian natural therapy company's management.

Inula CEO Sergio Calandri will reinvest in the company alongside Ardian, while founder and Chairman Dominique Baudoux and Vendis would maintain their support for the company.

Inula was formed out of the merger of Pranarôm International SA and Herbalgem SA, which produce herbal oils and herbal remedies, respectively.