Columbia West Capital News - Industry Deal Intelligence
03.17.15 CWC Q4 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  

10/3/2014 Nature's Products, Inc. acquired the assets of Nutri-Health Supplements, L.L.C. from Atrium Innovations. The terms of the transaction were not disclosed. Nature's Products develops and manufactures vitamins, minerals, nutritional supplements, and botanicals for the nutritional industry and is based in Sunrise, Florida. Nutri-Health Supplements manufactures and markets nutritional health supplements and is based in Cottonwood, Arizona.        

11/10/2014 Aurobindo Pharma USA, Inc. acquired Natrol, Inc. and its affiliate entities for $132.5 million. Aurobindo manufactures generic pharmaceutical drugs and is based in Dayton, New Jersey. Natrol manufactures and sells nutritional supplements in the United States and is based in Chatsworth, California. Sullivan & Cromwell LLP served as legal advisor to Aurobindo. Gibson, Dunn & Crutcher, LLP, Young Conaway Stargatt & Taylor, LLP, and Winthrop Couchot PC served as legal advisors to Natrol.        

11/18/2014 Evolva Holding SA. (SWX:EVE) agreed to acquire Allylix, Inc. from a group of investors for $61.4 million. Evolva, a biosynthetic company, discovers and develops ingredients and processes for nutrition, health care, and wellness products in Switzerland and internationally and is based in Reinach, Switzerland. Allylix develops terpene products and their derivatives for flavor and fragrance, food ingredient, pharmaceutical, agricultural, and biofuel markets and is based in San Diego, California. Homburger AG and Latham & Watkins LLP served as legal advisors to Evolva.        

11/19/2014 Migranade, Inc. acquired Oasis Health Care Products, Inc. The terms of the transaction were not disclosed. Migranade develops, manufactures, and markets homeopathic treatment medicines (tablets) for the treatment and prevention of acute migraine headaches for people of different age groups in the United States and is based in Long Beach, California. Oasis Health Products manufactures homeopathic medicines, cosmetics, health and beauty aids, and nutritional supplements and is based in Las Vegas, Nevada.        

12/2/2014 UAS Laboratories, Inc. acquired the Cardioviva brand of Micropharma Limited. The terms of the transaction were not disclosed. UAS Laboratories develops, manufactures, and markets probiotics and antioxidants for adults and children and is based in Edina, Minnesota. The Cardioviva Brand of Micropharma comprises probiotics that support healthy cholesterol.        

12/23/2014 J. Rettenmaier & Söhne Group acquired SunOpta Grains and Foods Inc., Fiber and Starch Business from SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) for $37.5 million. J. Rettenmaier & Söhne engages in the research, development, processing, manufacture, and marketing of plant fibers derived from vegetable raw materials and is based in Rosenberg, Germany. SunOpta Grains and Foods Inc., Fiber and Starch Business develops, produces, and supplies identity preserved, non-genetically modified, and organic grain-based ingredients for the food industry and is based in Hope, Minnesota.

12/17/2014 Pharmavite LLC acquired FoodState Inc. from 2x Consumer Products Growth Partners, The Riverside Company and others. The terms of the transaction were not disclosed. Pharmavite produces and distributes dietary supplement products for healthcare professionals, consumers, and retailers in the United States and internationally and is based in Northridge, California. FoodState produces and markets natural whole-food supplements in New Hampshire and is based in Derry, New Hampshire. Jones Day served as legal advisor to 2x Consumer Products Growth Partners and The Riverside Company.        

12/22/2014 Wholesome Tea Company, LLC acquired Blue Buddha Beverages LLC. The terms of the transaction were not disclosed. Wholesome Tea manufactures tea beverages and is based in Wilmington, Delaware. Blue Buddha Beverages manufactures blended herbal teas for energy, good skin, and immunity support and is based in Stonington, Connecticut. Morrison & Foerster LLP served as legal advisor to Braintrust Investments, LLC, parent of Wholesome Tea Company, LLC.        

12/23/2014 NuGo Nutrition acquired Gnu Foods, LLC. The terms of the transaction were not disclosed. NuGo Nutrition produces healthy snack food products for customers in the United States, Canada, Israel, and internationally and is based in Oakmont, Pennsylvania. Gnu Foods manufactures snack bars and is based in New York, New York.    

M&A - Financial  

10/28/2014 Snow Phipps Group, LLC acquired Teasdale Foods Inc. from Palladium Equity Partners. The terms of the transaction were not disclosed. Snow Phipps Group is a private equity firm based in New York, New York. Teasdale Foods, together with its subsidiaries, produces all-natural and organic shelf stable food products and is based in Atwater, California. Weil, Gotshal & Manges LLP served as legal advisor to Snow Phipps Group.

11/21/2014 Advent International Corporation acquired a majority stake in Noosa Yoghurt, LLC. The terms of the transaction were not disclosed. Advent International is a venture capital and private equity firm that seeks to invest in consumer, healthcare, and pharmaceuticals among other industries and is based in Boston, Massachusetts. Noosa Yoghurt produces flavored probiotic yogurt and is based in Bellvue, Colorado. Weil, Gotshal & Manges LLP served as legal advisor to Advent International. Perkins Coie LLP served as legal advisor to Noosa Yoghurt.      

Private Placements  

10/7/2014 Impossible Foods announced that it has received $75.0 million in an equity round of funding. Impossible Foods observes animal products at the molecular level and selects specific proteins and nutrients from greens, seeds, and grains to recreate meats and dairy products and is based in Redwood City, California.        

11/19/2014 Sweetgreen, Inc. announced that it received $18.5 million in a round of funding led by Revolution Growth. Sweetgreen owns and operates a chain of restaurants in the Northeastern United States that provides healthy and organic foods. Revolution Growth is a private equity and venture capital firm based in Washington, District of Columbia.        

12/1/14 Suja Juice Inc. received $21.1 million in a round of funding led by Evolution Media Growth Partners. Suja Juice produces cold pressed organic juices and smoothies and is based in San Diego, California. Evolution Media Growth Partners is a venture capital firm based in the United States.      

12/30/2014 Youngevity International, Inc. (OTCPK:YGYI) announced a private placement of equity and convertible debt for $5.3 million. Youngevity develops and distributes health and nutrition related products and services primarily through an independent direct selling network and is based in Chula Vista, California. Gracin & Marlow, LLP served as legal advisor to Youngevity.        

12/31/2014 Betty Lou's Inc. announced that it has received funding from a new investor. The terms of the transaction were not disclosed. Betty Lou's provides protein shakes, cookies, nut butter balls, fruit bars, angell bars, stuff bars, organic patties, powdered peanut butter, organic harmony bars, and special items and is based in McMinnville, Oregon.        

12/31/2014 O'Neil Gum Company, LLC, announced that it has received funding from Tech Coast Angels. The terms of the transaction were not disclosed. O'Neil Gum, doing business as Immuno Gum, produces chewing gum that administers immune system-supporting ingredients in an instant and is based in Orange, California.