Columbia West Capital News - Industry Deal Intelligence
08.01.12 CWC Q2 2012 Health and Wellness M&A and Financing Report


This report is prepared as a courtesy to the Health and Wellness business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to assure is included and credit attributed to appropriate advisors.       

M&A - Strategic  

4/3/2012 Chengzhi Life Sciences Co., Ltd. acquired bulk Bioenergy Life Science, Inc. for $18.3 million. Chengzhi Life Science manufactures nutraceutical, pharmaceutical, cosmetic, and animal health products and is based in Beijing, China. Bioenergy Life Sciences produces and delivers Bioenergy RIBOSE, a bioactive ingredient that energizes functional foods, beverages, and nutraceuticals and is based in Minneapolis, Minnesota.        

4/23/2012 Nestlé S.A. agreed to acquire Pfizer Nutrition from Pfizer Inc. for $11.9 billion in cash. Nestlé, together with its subsidiaries, provides nutrition, health, and wellness products worldwide and is headquartered in Vevey, Switzerland. Pfizer Nutrition manufactures and supplies nutritional products for infants, young children, and pregnant mothers worldwide and is based in Madison, New Jersey. Mayer Brown LLP and King & Wood Mallesons are serving as legal advisors to Nestlé. Cliffe Dekker Hofmeyr is serving as legal advisor to Pfizer Nutrition.        

5/2/2012 Vitamin Spice, LLC acquired assets of Eat Right International, Inc. The terms of the transaction were undisclosed. Vitamin Spice engages in the development, manufacture, and marketing of a line of vitamin-enriched gourmet spices and is based in Wayne, Pennsylvania. Eat Right International provides recipes of ten gourmet seasonings to reduce weight and is based in the United States.        

5/22/2012 Stauber Performance Ingredients, Inc. acquired Pharmline, Inc. from Gadot Biochemical Industries Ltd. The terms of the transaction were undisclosed. Stauber Performance Ingredients engages in the distribution of ingredients to food, pharmaceutical, cosmetic, and health food supplement industries and is based in Fullerton, California. Pharmline manufactures and supplies nutritional ingredients, phytonutrients, and chemicals to the dietary supplements and food and beverage industries, and is based in Florida, New York.        

5/30/2012 Sugar Creek Packing Co., Inc. has agreed to acquire substantially all the assets of RCF Kitchens Indiana for $13.0 million. Sugar Creek Packing offers ethnic foods, ready-to-eat meals, breakfast items, and seafood and is based in Washington Court House, Ohio. RCF Kitchens Indiana, also known as Really Cool Foods, produces organic and natural food meals and is based in Cambridge City, Indiana. Carlile Patchen & Murphy and Greenebaum Doll & McDonald PLLC are serving as legal advisors to Sugar Creek Packing. Frost Brown Todd LLC is serving as legal advisor to RCF Kitchens.        

6/7/2012 Pharmachem Laboratories, Inc. acquired Improve USA, Inc. The terms of the transaction were undisclosed. Pharmachem Laboratories manufactures and supplies ingredients to the nutritional, food and beverage, flavor, and fragrance industries and is based in Kearny, New Jersey. Improve USA engages in the processing and marketing of aloe vera products and is based in DeSoto, Texas.

6/21/2012 Wellness Center USA, Inc. signed agreements to acquire Psoria-Shield Inc. for $15.0 million in stock and CNS Wellness, LLC for $14.0 million in stock. Wellness Center USA, focuses on the manufacture, distribution, and marketing of sports and nutrition supplements and is headquartered in Schaumburg, Illinois. Psoria-Shield designs and manufactures devices for the treatment of ultra-violet (UV) treatable skin disorders and is based in Tampa, Florida.  CNS Wellness provides cognitive neurosciences services and is based in Tampa, Florida.

6/22/2012 DIANA Group SA acquired Pacific Pure-Aid Company from Givaudan AG and Myron Root & Company Inc. The terms of the transaction were undisclosed. DIANA Group develops and sells organoleptic solutions based on natural ingredients and is based in Vannes, France. Pacific Pure-Aid manufactures and sells vegetable extracts and concentrates for agri-food industry and is based in Silverton, Oregon. K&L Gates LLP served as the legal advisor to DIANA Group.        

M&A Financial    

4/9/2012 Sun Capital Partners, Inc. acquired CornerStone Research & Development, Inc. from Mitsui & Co., Inc. The terms of the transaction were undisclosed. Sun Capital Partners is a private equity firm based in Boca Raton, Florida. CornerStone Research & Development develops nutritional and herbal formulations in capsules and tablets and is headquartered in Ogden, Utah. Morgan, Lewis & Bockius LLP served as the legal advisor to Sun Capital.

6/6/2012 Weld North LLC acquired a minority stake in Organic Avenue, LLC. The terms of the transaction were undisclosed. Weld North is a private equity and venture capital firm and is based in Greenwich, Connecticut. Organic Avenue manufactures organic smoothies, juices, etc. and is based in New York, New York.

Private Placements    

5/23/2012 WOW! Nutrition announced that it has raised a round of funding. One Equity Partners invested in the transaction for a minority stake. The terms of the transaction were undisclosed. One Equity Partners operates as an investment arm of OEP Holding Corporation, specializing in direct and fund of funds investments and is based in New York, New York. WOW Nutrition produces and markets juices, teas, sweeteners, diet and light products, and infant nutrition products and is based in Brazil.