Columbia West Capital News - Industry Deal Intelligence
09.29.15 CWC Q2 2015 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  

4/13/2015 Hi-Tech Pharmaceuticals, Inc. agreed to acquire Advanced Pharmaceuticals and Nutritionals. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, Georgia. Advanced Pharmaceuticals and Nutritionals distributes over-the-counter pharmaceuticals and dietary supplements and is based in Guadalajara, Mexico.    

4/15/2015 Power Supply Collective, Inc. acquired EliteEATS. The terms of the transaction were not disclosed. Power Supply Collective produces and distributes fitness food meals and is based in Alexandria, Virginia. EliteEATS owns and operates a Web-based platform for food ordering and is based in Los Angeles, California.    

5/8/2015 InterHealth Nutraceuticals, Inc. acquired the assets of NPI, LLC. The terms of the transaction were not disclosed. InterHealth Nutraceuticals researches, develops, manufactures, markets, and distributes nutritional ingredients and is based in Benicia, California. NPI develops natural raw materials for dietary supplement, food, and beverage industries in the United States, Canada and Australia, and is based in Salinas, California.  

5/12/2015 ConAgra Foods, Inc. (NYSE: CAG) acquired Blake's All Natural Foods. The terms of the transaction were not disclosed. ConAgra Foods operates as a food company primarily in North America and is based in Omaha, Nebraska. Blake's All Natural Foods offers natural and organic food products and is based in Concord, New Hampshire.    

5/15/2015 POMWonderful LLC acquired The Simply Great Drinks Company Ltd. The terms of the transaction were not disclosed. POMWonderful grows, harvests, processes, and ships pomegranates and pomegranate-based products and is based in Los Angeles, California. The Simply Great Drinks Company produces and sells fruit juices and is based in Newbury, United Kingdom.    

6/3/2015 Hi-Tech Pharmaceuticals, Inc. agreed to acquire Formutech Nutrition. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, Georgia. Formutech Nutrition manufactures and markets nutritional supplements and is based in Lawrenceville, Georgia.    

6/29/2015 Mead Johnson Nutrition Company (NYSE:MJN) acquired an additional 10% stake in Mead Johnson Nutrition Argentina S.A. from Sancor Cooperativas Unidas Limitada for $24.4 million. Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products and is based in Glenview, Illinois. Mead Johnson Nutrition Argentina manufactures, distributes, and markets infant formula and children's nutrition products and is based in Munro, Argentina.

M&A - Financial    

5/14/2015 Consac, LLC acquired 7.42% stake in MusclePharm Corporation (OTCPK:MSLP). The terms of the transaction were not disclosed. Consac invests in the securities of publicly traded and venture-stage companies and is based in Beverly Hills, California. MusclePharm develops, manufactures, markets, and distributes branded nutritional supplements in the United States and internationally, and is based in Denver, Colorado.    

Private Placements  

4/8/2015 D's Naturals, LLC announced that it has received more than $3.0 million in funding. The round included participation from outside investors. D's Naturals produces and markets protein bars and is based in Cincinnati, Ohio.    

4/20/2015 The Glukos Company, Inc. announced that it has received an undisclosed amount of funding led by new investor Ecosystem Integrity Management, LLC. The Glukos Company produces performance nutrition products for athletes and is based in Gresham, Oregon. Ecosystem Integrity Management is a private equity and venture capital firm based in San Francisco, California.    

5/6/2015 Freed Foods, Inc. announced that it has received $1.5 million in mezzanine financing from new investor, Fondo EcoEmpresas, S.A., a fund managed by The Nature Conservancy, Investment Arm, and Multilateral Investment Fund. Freed Foods produces organic food for babies and toddlers and is based in Austin, Texas. The Nature Conservancy, Investment Arm is a venture capital firm specializing in seed/startup, growth capital and expansion capital investments, and is based in Arlington, Virginia. Multilateral Investment Fund is an investment arm of Inter-American Development Bank specializing in development of microenterprises and small and medium-size businesses and fund of fund investments and is based in Washington, D.C.    

5/8/2015 Perfect Bar & Company announced that it has received an undisclosed amount of funding from new investor VMG Partners. Perfect Bar & Company produces nutrition bars and is based in San Diego, California. VMG Partners is a private equity firm based in Los Angeles, California.    

5/12/2015 Hungryroot, Inc. announced that it will raise $2.0 million in a round of funding from 22 investors, including Crosslink Capital. Hungryroot produces, packages, and sells farm fresh seven minute meals and is based in New York, New York.  Crosslink Capital is a private equity and venture capital firm based in San Francisco, California.    

5/26/2015 Love Grown Foods, Inc. announced that it has received an undisclosed amount of funding from new investor Crescendo Capital Partners. Love Grown Foods produces and sells packaged oats through supermarkets in the United States and is based in Denver, Colorado. Crescendo Capital Partners is a private equity firm specializing in growth capital investments in lower middle market companies and is based in Centennial, Colorado.    

5/29/2015 Kick Foods, LLC announced that it will receive $1.25 million in a round of funding from BFG Partners. Kick Foods, doing business as Good Day Chocolate, produces chocolates mixed with nutraceuticals and is based in Boulder, Colorado. BFG Partners is a venture capital firm based in Boulder, Colorado.    

5/29/2015 Romaine Empire, LLC announced that it will receive $2.0 million in a round of funding from an undisclosed investor. Romaine Empire produces handcrafted salads and snacks and is based in Chicago, Illinois.    

6/10/2015 B'more Organic announced that it has received an undisclosed amount of funding which included participation from new investor The Litchfield Fund. B'more Organic operates as an organic food company and is based in Baltimore, Maryland. The Litchfield Fund is a venture capital firm based in Cleveland, Ohio.    

6/18/2015 Live Better Brands, LLC announced that it has received an undisclosed amount of funding from new investor Alliance Consumer Growth. Live Better Brands produces and distributes sprouted snacks and is based in Minneapolis, Minnesota. Alliance Consumer Growth is a private equity firm based in New York, New York.    

6/25/2015 Harvest Soul, Inc. announced that it has received an undisclosed amount of funding from new investor, The Litchfield Fund. Harvest Soul produces blended juices for consumers and is based in Alpharetta, Georgia. The Litchfield Fund is a venture capital firm based in Cleveland, Ohio.