Columbia West Capital News - Industry Deal Intelligence
11.12.15 CWC Q3 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

7/6/2015 Nature's Path Foods, Inc. acquired the Country Choice Organic brand from New Century Holdings, Inc. The terms of the transaction were not disclosed. Nature's Path Foods produces and sells organic breakfast foods and is based in Richmond, British Columbia. New Century Holdings produces snack food products and is based in Eden Prairie, Minnesota.

7/9/2015 Alliance Boots Holdings Limited acquired Liz Earle Beauty Co. Limited from Avon Products Inc. (NYSE:AVP) for $215.4 million in cash. Alliance Boots engages in pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution activities, and is based in London, England. Liz Earle Beauty manufactures and markets skincare, bath and body, hair care, fragrance, and make up products, and is based in Ryde, Isle of Wight in the UK. Baker & McKenzie LLP served as legal advisors to Alliance Boots. Cravath, Swaine & Moore LLP served as legal advisor to Avon.

7/9/2015 Hi-Tech Pharmaceuticals, Inc. acquired Sports One Inc. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, Georgia. Sports One provides sports nutrition products and diet aids and is based in Woodbridge, Connecticut.

7/10/2015 B&G Foods Inc. (NYSE:BGS) acquired Spartan Foods of America, Inc. for $50.0 million in cash. B&G Foods manufactures, sells, and distributes shelf-stable food and household products and is based in Parsippany, New Jersey. Spartan Foods, doing business as Mama Mary's, produces and sells gourmet pizza crusts and pancakes and is based in Spartanburg, South Carolina.

8/18/2015 Hi-Tech Pharmaceuticals, Inc. acquired LG Sciences. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, Georgia. LG Sciences manufactures bodybuilding supplements and prohormones products and is based in Brighton, Michigan.

8/19/2015 Twinlab Consolidated Holdings, Inc. (OTCBB:TLCC) acquired all of the outstanding membership interest units of Organic Holdings, Inc. from Naomi Balcombe, Robert Whittel and other members for $37.0 million in cash. Organic Holdings is a subsidiary to Twinlab Consolidated and is based in San Francisco, California. Twinlab manufactures, markets, and distributes branded nutritional supplements and other natural products and is based in New York, New York.

8/31/2015 AI Document Services, Inc. (AIDC.PK) acquired Diaspora Foods International, L.L.C. The terms of the transaction were not disclosed. AI Document Services manufactures and sells nutraceutical supplements and is based in Suwanee, Georgia. Diaspora Foods operates Asante Restaurant which is operated by Chef Marvin Woods and is based in Atlanta, Georgia.

8/31/2015 Kent Precision Foods Group, Inc. acquired The Sqwincher Corporation. The terms of the transaction were not disclosed. Kent Precision Foods develops, produces, markets, and distributes dry blended and packaged food products for customers in the foodservice, industrial, and consumer products businesses and is based in St. Louis, Missouri. The Sqwincher Corporation produces electrolyte replacement drinks for industrial workers in high heat-stress environments and is based in Columbus Mississippi. Baker & Hostetler LLP served as legal advisor to The Sqwincher Corporation.

8/31/2015 Perrigo Company Public Limited Company (NYSE:PRGO) acquired Mitchell-Vance Laboratories LLC from Enaltus LLC. The terms of the transaction were not disclosed. Perrigo Company develops, manufactures, and markets over-the-counter consumer goods and pharmaceutical products and is based in Dublin, Ireland. Mitchell-Vance Laboratories, doing business as ScarAway, specializes in the treatment and prevention of scars through a patented silicone application and is based in Guilford, Connecticut. Enaltus develops, markets, and distributes skin care products for mothers and infants in the United States and internationally and is based in Suwanee, Georgia.

9/1/2015 Unilever United States, Inc. acquired Murad, Inc. The terms of the transaction were not disclosed. Unilever manufactures and sells food, refreshments, and home and personal care products and is based in Englewood Cliffs, New Jersey. Murad manufactures skincare products, dietary supplements, and provides lifestyle programs and is based in El Segundo, California. Cravath, Swaine & Moore LLP served as legal advisor to Unilever. Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Murad.

9/14/2015 Flowers Bakeries, LLC acquired Dave's Killer Bread for $280.0 million in cash. Flowers Bakeries produces and markets baked food products for retail and foodservice customers and is based in Thomasville, Georgia. Dave's Killer Bread produces and distributes organic whole grain breads in the Western United States and is based in Milwaukie, Oregon. Jones Day served as legal advisor to Flowers Bakeries. Davis Wright Tremaine LLP served as legal advisor to Dave's Killer Bread.

9/25/2015 TC Heartland LLC acquired Splenda from McNeil Nutritionals, LLC. The terms of the transaction were not disclosed. TC Heartland develops, manufactures, and distributes sugar-free brown and confectionery sweetener products for the food industry and is based in Carmel, Indiana. McNeil Nutritionals produces and markets nutritional products including sweeteners, calcium chews, milk and dietary supplements, spreads, and softgels and is based in Fort Washington, Pennsylvania. Hughes Hubbard & Reed LLP and Benesch, Friedlander, Coplan & Aronoff LLP served as legal advisors to TC Heartland. Covington & Burling LLP served as legal advisor to McNeil Nutritionals.

M&A - Financial

7/2/2015 North Castle Partners, LLC acquired an unknown controlling stake in Sprout Foods, Inc. The terms of the transaction were not disclosed. Sprout Foods offers packaged organic baby food and is based in Duluth, Georgia. North Castle Partners is a private equity firm based in Greenwich, Connecticut.

8/21/2015 Consolidated Investment Group, LLC acquired the assets of Sicilian Chefs, Inc. The terms of the transaction were not disclosed. Consolidated Investment Group is a family office specializing in direct and fund of fund investments and is based in Englewood, Colorado. Sicilian Chefs, which has been renamed Caesar's Pasta, LLC as a result of the transaction, manufactures and delivers frozen pastas and is based in Blackwood, New Jersey.

8/31/2015 The Riverside Company acquired YummyEarth, Inc. The terms of the transaction were not disclosed. The Riverside Company is a private equity firm based in New York, New York. YummyEarth provides organic lollipops, candy drops, and gummy bears and is based in Ridgewood, New Jersey.

Private Placements

7/9/2015 Clara Foods announced that it has received $1.8 million in a seed round of funding from a group of six investors including SOSventures, a venture capital firm based in Cork, Ireland. Clara Foods provides animal-free and salmonella-free egg white products and is based in San Francisco, California.

7/23/2015 Bulletproof Digital, Inc. announced that it has received $9.0 million in funding from new investor Trinity Ventures. Bulletproof Digital manufactures coffee and tea products and dietary supplements, and is based in Seattle, Washington. Trinity Ventures is a venture capital firm based in Menlo Park, California.

7/29/2015 My Fit Foods Inc. announced that it has received an undisclosed amount of funding from new investor, Marlin Equity Partners, LLC, and existing investor, TSG Consumer Partners. My Fit Foods provides fresh, healthy, pre-portioned meals and snacks in stores and online and is based in Austin, Texas. Marlin Equity Partners is a private equity firm based in Hermosa Beach, California. TSG Consumer Partners is a private equity firm based in San Francisco, California.

8/11/2015 Blue Prairie Brands LLC announced that it has received funding led by new investor Middleland Capital. The terms of the transaction were not disclosed. Blue Prairie Brands engages in the manufacture of inulin and is based in Charlottesville, Virginia. Middleland Capital is a venture capital firm based in Washington, D.C.

8/27/2015 Suja Life, LLC announced that it has received $150.0 million in funding from investors Goldman Sachs Group and The Coca-Cola Company (NYSE:KO). Suja produces cold pressed organic juices and smoothies and is based in San Diego, California. Goldman Sachs is a private equity and venture capital firm based in New York, New York. Founded in 1886 and based in Atlanta, Georgia, The Coca-Cola Company manufactures and distributes various nonalcoholic beverages worldwide. The Giannuzzi Group, LLP served as legal advisor to Suja.

9/3/2015 Shenandoah Growers Inc. announced that it received $8.0 million in a round of funding that included participation from Advantage Capital, Middleland Capital and S2G Ventures. Shenandoah Growers produces organic culinary herbs and is based in Harrisonburg, Virginia. Advantage Capital is a venture capital firm based in New Orleans, Louisiana. Middleland Capital is a venture capital firm based in Washington, D.C. S2G Ventures is a venture capital firm based in Chicago, Illinois.

9/17/2015 Ospoto, Inc. announced that it has received $4.5 million in its seed round of venture funding led by new investors Baseline Ventures and PivotNorth Capital. Ospoto, doing business as Sun Basket, engages in the online retail of organic ingredients and food recipes, and is based in San Francisco, California. Baseline Ventures is a venture capital firm based in San Francisco, California. PivotNorth Capital is a venture capital firm based in Palo Alto, California.