Columbia West Capital News - Industry Deal Intelligence
02.21.17 CWC Q4 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

10/3/2016 Omega Protein Corporation (NYSE:OME) entered into an agreement to sell substantially all of the assets of InCon Processing LLC. Omega develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds and is based in Houston, TX. InCon Processing engages in the design, piloting, synthesis, and manufacture of specialty chemicals and is based in Batavia, IL.

10/4/2016 Hi-Tech Pharmaceuticals, Inc. acquired a stake in Prime Nutrition. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, GA. Singerman & Braun, LLC, doing business as Prime Nutrition, manufactures supplements and is based in Boca Raton, FL.

10/31/2016 PL Developments, Inc. acquired Health-Chem Diagnostics, LLC. The terms of the transaction were not disclosed. PL Developments manufactures, packages, and distributes over-the-counter (OTC) pharmaceutical products and consumer healthcare goods and is based in Westbury, NY. Health-Chem produces point-of-care medical diagnostic products for use at home, physician offices, and other healthcare locations and is based in Pompano Beach, FL.

11/3/2016 Scepter Holdings, Inc. (OTCPK:BRZL) agreed to acquire Intensity Nutrition. Scepter Holdings engages in the acquisition and exploration of mineral properties in Canada and is based in Brooklyn, NY. F3 Innovations, LLC, doing business as Intensity Nutrition, develops and manufactures nutritional products for athletes and is based in Wheat Ridge, CO.

12/9/2016 BlueOcean NutraSciences Inc. (TSXV:BOC) acquired a majority stake in Pure Polar Labs Inc. from CMAX Technologies Inc. and Heuer M.D. Research Inc. The terms of the transaction were not disclosed. BlueOcean develops specialty nutraceutical oil products and is based in Toronto, Canada. Pure Polar Labs produces and sells health nutrition products and is based in Orlando, FL. CMAX develops drug delivery systems in solid oral dosages to the pharmaceutical sector and is based in Markham, Canada. Heuer M.D. Research is a clinical research facility that provides healthcare services to volunteers for various medical research studies and is based in Orlando, FL.

12/5/2016 McCormick & Company, Incorporated (NYSE:MKC) agreed to acquire Enrico Giotti Spa for $127.3 million. McCormick manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products and is based in Sparks, MD. Enrico Giotti develops and produces natural and organic flavors, aromatic herbal extracts, concentrated fruit juices, and a range of aromatic concentrates for food, pharmaceutical, and nutraceutical industries and is based in Scandicci, Italy. Shearman & Sterling LLP is serving as legal advisor to McCormick.

12/20/2016 Natural American Foods, Inc. acquired Sweet Harvest Foods Inc. The terms of the transaction were not disclosed. Natural American Foods produces, processes, and sells honey and commercial sweeteners to food manufacturers, food service customers, retailers and distributors and is based in Onsted, MI. Sweet Harvest Foods produces and sells honey and is based in Cannon Falls, MN.

M&A - Financial

9/30/2016 Linden LLC acquired MeriCal, Inc. PNC Business Credit and certain private and public debt funds managed by THL Credit Advisors LLC provided financing for the transaction. The transaction will be financed from $20.0 million of revolving advance, $12.5 million term loan A and $29.9 million from term loan B. Linden is a private equity firm based in Chicago, IL. MeriCal provides custom formulation and packaging services for the nutritional industry and is based in Orange, CA. Kirkland & Ellis LLP served as legal advisor to Linden. Payne & Fears, Kirkland & Ellis, and Blank Rome LLP served as legal advisors to MeriCal. Paul Hastings LLP served as legal advisor to THL Corporate Finance.

10/31/2016 Highlander Partners, L.P. acquired Hillside Candy LLC. The terms of the transaction were not disclosed. Highlander Partners is a private equity firm based in Dallas, TX. Hillside Candy produces and distributes candies and is based in Hillside, NJ. The company offers its products under GoLightly, GoOrganic, and Hillside Sweets brand names.

Private Placements

10/5/2016 BEFORE Brands, Inc. announced that it has received $13.1 million in its Series A round of funding from new investor, Gurnet Point Capital Limited, and other investors. BEFORE Brands is a science-based consumer products company that provides nutritional products and is based in Menlo Park, CA. Gurnet Point Capital is a private equity and venture capital firm based in Cambridge, MA.

10/10/2016 Beyond Meat, Inc. announced that it has received funding from new investor Tyson Foods, Inc. (NYSE:TSN) with participation from existing investors Bill Gates, The Humane Society of the United States, and others. The terms of the transaction were not disclosed. Beyond Meat produces plant protein-based food products and is based in Columbia, MO. Tyson Foods, together with its subsidiaries, operates as a food company and is based in Springdale, AR.

10/27/2016 Foodstirs, LLC announced that it has received its Series A round of funding from Cambridge Companies, LLC and other investors. The terms of the transaction were not disclosed. Foodstirs provides food crafting kits and healthy entrée recipes and is based in Santa Monica, CA. Cambridge Companies is a private equity firm based in Las Vegas, NV.

10/28/2016 Habit Food Personalized, LLC announced that it has received $32.0 million in funding from new investor Campbell Soup Company (NYSE:CPB). Habit Food provides personalized nutrition solutions and is based in San Francisco, CA. Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products and is based in Camden, NJ.

10/31/2016 Crunchsters, Inc. announced that it has received funding from new investor VG Growth Partners. Crunchsters produces snacks made with sprouted organic mung beans and organic sunflower oil and is based in Boulder, CO. VG Growth Partners is an investment firm based in Staten Island, NY.

11/7/2016 Seventh Sense Biosystems, Inc. announced that it will receive $12.8 million in a round of funding. As of November 16, 2016, the company has received $5.5 million from seven investors in its first tranche. Seventh Sense develops blood collection devices for use in research and clinical testing applications and is based in Medford, MA.

11/10/2016 OFD Foods, Inc. announced that it has received funding from new investor Endeavour Capital, Inc. The terms of the transaction were not disclosed. OFD Foods produces freeze-dried ingredients for food companies and is based in Albany, OR. Endeavour Capital is a private equity firm based in Portland, OR.

11/22/2016 Maple Hill Creamery, LLC announced that it will raise $12.5 million in a syndicated round of funding with participation from Sunrise Strategic Partners, LLC. Maple Hill Creamery produces, markets, and sells grass-fed whole milk dairy products and is based in Stuyvesant, NY. Sunrise Strategic Partners is a venture capital firm based in Boulder, CO.

12/6/2016 Elysium Health, Inc. announced that it will raise $22.0 in a round of funding led by new investor General Catalyst Partners. Elysium Health develops and produces advanced supplements for health needs and is based in Delray Beach, FL. General Catalyst Partners is a private equity and venture capital firm based in Cambridge, MA.

12/30/2016 Twinlab Consolidated Holdings, Inc. (OTCBB:TLCC) announced that it entered in to material definitive agreement to issue unsecured promissory note with Great Harbor LLC and existing investor Golisano Holdings LLC for gross proceeds of $5.0 million. Twinlab Consolidated Holdings manufactures, markets, and distributes science-based nutritional supplements and other natural products and is based in Boca Raton, FL. Great Harbor Capital is a private investment firm based in Grand Rapids, MI. Golisano Holdings is a private investment firm based in Pittsford, NY.