Columbia West Capital News - Industry Deal Intelligence
11.21.14 CWC Q3 2014 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 ensure is included and credit attributed to appropriate advisors.   

M&A - Strategic

7/1/2014 Made in Nature, Inc. acquired Pacific Northwest Kale Chips for an undisclosed amount. Made In Nature, based in Boulder, Colorado, is a food company that produces and sells organic specialty foods. Pacific Northwest Kale Chips, based in Portland, Oregon, manufactures kale chips. 

7/17/2014 The Hain Celestial Group, Inc. (NasdaqGS:HAIN) acquired the remaining 51.3% stake in Hain Pure Protein Corporation from Pegasus Capital Advisors, L.P. for $40.0 million. The Hain Celestial Group, based in Lake Success, New York, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Hain Pure Protein, based in Fredericksburg, Pennsylvania, owns and operates poultry processing facilities. DLA Piper LLP served as legal advisor to The Hain Celestial Group. 

8/6/2014 The J.M. Smucker Company (NYSE:SJM) entered into a definitive agreement to acquire Sahale Snacks, Inc. from Palladium Equity Partners for an undisclosed amount. The J.M. Smucker Company, based in Orrville, Ohio, manufactures and markets branded food products worldwide. Sahale Snacks, based in Seattle, Washington, engages in the production and marketing of nuts and dried fruits snacks in the United States. 

8/19/2014 InterHealth Nutraceuticals, Inc. acquired the 7-Keto Dietary Ingredient Brand from Humanetics Corporation for an undisclosed amount. InterHealth Nutraceuticals, based in Benicia, California, researches, develops, manufactures, markets, and distributes nutritional ingredients. The 7-Keto Dietary Ingredient Brand of Humanetics Corporation comprises a dietary ingredient that slows the impact of diet and age-related weight gain. 

9/2/2014 Big Red, Inc. acquired Manzen, LLC from Manchester Consolidated Corp. for an undisclosed amount. Big Red, based in Austin, Texas, is a beverage company that engages in producing, marketing, and distributing sodas. Manzen dba Xyience is based in Las Vegas, Nevada and produces sports nutrition products, supplements and energy drinks. 

9/8/2014 Aenova Group GmbH acquired Contract Packaging Resources, Inc.for an undisclosed amount. Aenova Group, based in Pähl, Germany, provides development, manufacturing, and marketing services for solid, semi-solid, and liquid dosage forms to pharmaceutical and healthcare industries worldwide. Contract Packaging Resources, based in Greensboro, North Carolina, provides pharmaceutical, Rx, OTC, dietary supplement, and animal health packaging services.  

9/8/2014 General Mills, Inc. (NYSE:GIS) entered into a definitive agreement to acquire Annie's, Inc. (NYSE:BNNY) for approximately $823.0 million in cash. General Mills, based in Minneapolis, Minnesota, manufactures and markets branded consumer foods in the United States and internationally. Annie's, based in Berkeley, California, produces, markets, and distributes natural and organic food products. Proskauer Rose LLP served as legal advisor to Annie's. Faegre Baker Daniels LLP served as legal advisor to General Mills. 

9/12/2014 Glanbia plc (ISE:GL9) agreed to acquire The Isopure Company, LLC from Encore Consumer Capital and others for approximately $153.0 million in cash. The Isopure Company, based in Hauppauge, New York, produces and sells protein powders and drinks. Glanbia, based in Kilkenny, Ireland, operates as a nutrition and ingredients company worldwide. Latham & Watkins LLP served as legal advisor to The Isopure Company. 

M&A - Financial

7/10/2014 Kainos Capital, LLC acquired a majority stake in the Slim-Fast Brand from Unilever plc (LSE:ULVR) for an undisclosed amount. Kainos Capital, based in Dallas, Texas, is a private equity firm specializing in middle market investments. Slim-Fast Brand comprises a business which produces ready to drink nutritional supplements, powders, and snack bars. Vinson & Elkins LLP served as legal advisor to Kainos Capital. Cravath, Swaine & Moore LLP and Baker & Mckenzie LLP, London served as legal advisors to Unilever.

8/22/2014 KEB Enterprises, LP acquired an unknown controlling interest inElements of Health Care, LLC. KEB Enterprises is a principal investment firm based in Lindon, Utah. Elements of Health Care manufactures and markets health supplements and is based in Lindon, Utah.

Private Placements

8/1/2014 Better Bowls, LLC announced that it has received an undisclosed amount of funding from existing investor Ben Franklin Technology Partners. Better Bowls, based in Hummelstown, Pennsylvania, produces natural, instant, and sugar-free puddings and gelatin mixes.