Columbia West Capital News - Industry Deal Intelligence
05.06.16 CWC Q1 2016 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

1/6/2016 Annie's Inc. acquired EPIC Provisions LLC. The terms of the transaction were not disclosed. Annie's produces, markets, and distributes natural and organic food products and is based in Berkeley, CA. EPIC Provisions manufactures and sells meat-based protein bars and is based in Austin, TX.

1/7/2016 WellPet LLC acquired Sojourner Farms, LLC. The terms of the transaction were not disclosed. WellPet produces pet food products and treats, including grain-free protein-focused formulas and is based in Tewksbury, MA. Sojourner Farms provides pet food mixes for dogs and cats, and is based in Minneapolis, MN.

1/11/2016 Frutarom Industries Ltd. (TASE:FRUT) acquired Grow Company, Inc. for $20.0 million. Frutarom Industries develops, produces, and markets flavors and fine ingredients worldwide and is based in Haifa, Israel. Grow Company manufactures and markets food flavors, natural food coloring agents, cosmetic ingredients, and dietary supplements for human and animal consumption and is based in Ridgefield, NJ.

1/13/2016 NutraFuels, Inc. (OTCPK:NTFU) acquired Epic Performance, LLC. The terms of the transaction were not disclosed. NutraFuels manufactures and distributes oral spray nutritional and dietary products and is based in Coconut Creek, FL. Epic Performance provides performance nutritional sprays, drinks, and formulas, and is based in Fort Lauderdale, FL.

1/18/2016 Colorcon, Inc. acquired the Pharmaceutical Sugar Spheres Product Line from Paulaur Corporation. The terms of the transaction were not disclosed. Colorcon provides a range of pharmaceutical film coatings and formulation development and is based in Harleysville, PA. The Pharmaceutical Sugar Spheres Product Line comprises sugar sphere manufacturing and marketing operations. Paulaur Corporation offers products and services for the food, pharmaceutical, and nutraceutical industries and is based in Cranbury, NJ.

1/25/2016 Swanson Health Products, Inc. acquired Health Center for Better Living Inc. in conjunction with its own acquisition by Swander Pace Capital. The terms of the transaction were not disclosed. Swanson Health Products manufactures and sells vitamins, supplements, and natural and organic products and is based in Fargo, ND. Health Center for Better Living manufactures and distributes vitamins and dietary supplements and is based in Fargo, ND.

2/1/2016 Balchem Corporation (NasdaqGS:BCPC) acquired Albion Laboratories, Inc. for $111.5 million. Balchem develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries and is based in New Hampton, NY. Albion Laboratories develops and manufactures nutritional and mineral products for animals, plants, and humans and is based in Clearfield, UT. Hughes Hubbard & Reed LLP served as legal advisor to Balchem. Durham Jones & Pinegar served as legal advisor to Albion Laboratories.

2/10/2016 Wellnext LLC acquired Stop Aging Now, LLC. The terms of the transaction were not disclosed. Wellnext, through its subsidiaries, manufactures, packages and markets nutritional products and is based in Sunrise, FL. Stop Aging Now manufactures and markets vitamins and supplements and is based in Bethesda, MD.

2/15/2016 Shandong Oriental Ocean Sci-Tech Co., Ltd. (SZSE:002086) acquired Avioq, Inc. for $68.3 million. Shandong engages in the seawater breeding and cultivation business and is based in Yantai, China. Avioq develops immunodiagnostic products and is based in Research Triangle Park, NC.

2/20/2016 Modere, Inc. acquired assets of SAVI Health, LLC. The terms of the transaction were not disclosed. Modere manufactures and distributes nutritional, personal care, health and wellness, and household care products and is based in Springville, UT. SAVI Health develops and manufactures science-based products that support cellular health and well-being and is based in Salt Lake City, UT.

3/11/2016 ANI Pharmaceuticals, Inc. (NasdaqGM:ANIP) acquired Inderal LA assets from Cranford Pharmaceuticals, LLC for $60.0 million. ANI Pharmaceuticals develops, manufacturers and markets branded and generic prescription pharmaceuticals and is based in Baudette, MN. Inderal LA assets of Cranford Pharmaceuticals comprise a new drug application, trademark, and finished goods inventory. Cranford Pharmaceuticals develops and markets pharmaceuticals and is based in Cranford, NJ.

3/17/2016 SDC Nutrition, Inc. acquired Reaction Nutrition LLC. The terms of the transaction were not disclosed. SDC Nutrition manufactures protein powders and supplements and is based in Pittsburgh, PA. Reaction Nutrition produces nutritional capsules and supplements and is based in Carnegie, PA.

M&A - Financial

1/6/2016 An investor group led by Jillian Michaels acquired an unknown stake in Lucky Jack, LLC. The terms of the transaction were not disclosed. Lucky Jack produces organic cold brew coffee and is based in Las Vegas, NV. Jillian Michaels is an American personal trainer, businesswoman, author and television personality from Los Angeles, CA.

1/22/2016 Swander Pace Capital acquired Swanson Health Products, Inc. The terms of the transaction were not disclosed. Swanson Health Products manufactures and sells vitamins, supplements, and natural and organic products and is based in Fargo, ND. Swander Pace Capital is a private equity firm based in San Francisco, CA. Kirkland & Ellis LLP served as legal advisor to Swander Pace Capital.

1/29/2016 Hammond, Kennedy, Whitney & Company, Inc. acquired Panos Brands, LLC from High Road Capital Partners, L.P. The terms of the transaction were not disclosed. Panos Brands is a consumer packaged goods provider of natural and specialty food and beverage products and is based in Saddle Brook, NJ. Hammond, Kennedy, Whitney & Company is a private equity firm based in Indianapolis, IN. High Road Capital Partners is a private equity firm based in New York, NY. Jones Day served as legal advisor to Panos Brands.

2/9/2016 Mill Road Capital acquired Ava Ruha Corporation. The terms of the transaction were not disclosed. Ava Ruha dba Mother's Market & Kitchen operates supermarkets and grocery stores and provides vitamins, herbs, nutritional supplements, local and organic produce and other items and is based in Costa Mesa, CA. Mill Road Capital is a private equity firm based in Greenwich, CT.

2/10/2016 KarpReilly LLC acquired Amazon Preservation Partners, Inc. dba Zola Acai. The terms of the transaction were not disclosed. Zola Acai produces Acai berry juice and is based in San Francisco, CA. KarpReilly is a private equity firm based in Greenwich, CT.

2/16/2016 Centre Lane Partners, LLC acquired Vitamin World, Inc. from NBTY, Inc. for $25.0 million. Vitamin World produces wellness and nutrition products and is based in Bohemia, NY. NBTY manufactures, markets, and distributes nutritional supplements and is based in Ronkonkoma, NY. Centre Lane Partners is a private equity firm based in New York, NY. Katten Muchin Rosenman LLP served as legal advisor to Centre Lane Partners. Latham & Watkins LLP served as legal advisor to NBTY.

2/19/2016 Highlander Partners, L.P. acquired Fuerst Day Lawson Holdings Limited in partnership with Chief Executive Officer Mac Mardi. The terms of the transaction were not disclosed. Fuerst Day Lawson Holdings manufactures and supplies specialist ingredients to the food, beverage, fragrance, and chemical industries and is based in London, UK. Highlander Partners is a private equity firm based in Dallas, TX.

Private Placements

1/28/2016 Twinlab Consolidated Holdings, Inc. (OTCBB:TLCC) received $5.0 million in a round of funding from Golisano Holdings LLC and Great Harbor Capital, LLC, and received an additional $14.0 million on March 21st from the same investors. Twinlab manufactures, markets, and distributes branded nutritional supplements and is based in New York, NY. Golisano Holdings is a private investment firm based in Pittsford, NY. Great Harbor Capital is a private investment firm based in Grand Rapids, MI. Wilk Auslander LLP served as legal advisor to Twinlab.

2/3/2016 Power Supply Collective, Inc. announced that it has received $5.0 million in a seed round of funding from Upfront Ventures and The Motley Fool, LLC. Power Supply Collective produces and distributes fitness food meals and is based in Alexandria, VA. Upfront Ventures is a venture capital firm based in Santa Monica, CA. The Motley Fool is a multimedia financial services company based in Alexandria, VA.

2/11/2016 Drink Daily Greens LLC announced that it will receive $5.5 million in equity funding from one unnamed investor. Drink Daily Greens produces cold-pressed green juices and is based in Austin, TX.

2/18/2016 American Botanicals Inc. has received funding from existing investor Advantage Capital Agribusiness Partners, LP. The terms of the transaction were not disclosed. American Botanicals grows, buys, manufactures, sells, and exports roots and herbs and is based in Eolia, MO. Advantage Capital is a venture capital firm based in New Orleans, LA.

3/8/2016 Hungryroot, Inc. announced that it will receive $5.8 million in a Series A round of funding from a syndicate of investors led by Lightspeed Venture Partners. Hungryroot produces, packages, and sells organic farm fresh meals and is based in New York, NY. Lightspeed Venture Partners is a venture capital firm based in Menlo Park, CA.

3/30/2016 PanTheryx, Inc. announced that it has received $53.0 million in an equity round of funding from new investor, Pegasus Capital Advisors, L.P. PanTheryx is a medical nutrition company focused on the research, development and commercialization of products that promote intestinal health and is based in Boulder, CO. Pegasus Capital Advisors is a private equity firm based in Cos Cob, CT.