Columbia West Capital News - Industry Deal Intelligence
06.20.17 CWC Q1 2017 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

1/3/2017 Vireo Systems, Inc. acquired ProMera Health, LLC. The terms of the transaction were not disclosed. Vireo Systems develops, manufactures, and markets health-related products and various nutraceutical compounds to enhance the health of humans and animals and is based in Madison, TN. ProMera Health, doing business as Promera Sports, produces sports and recovery supplements for athletes and exercise enthusiasts and is based in Norwell, MA.

1/6/2017 Glanbia Performance Nutrition, Inc. acquired Grass Advantage LLC. The terms of the transaction were not disclosed. Glanbia Performance Nutrition manufactures and markets sports nutrition products and is based in Aurora, IL. Grass Advantage, trading as Amazing Grass, produces plant-based nutrition products and is based in Newport Beach, CA.

1/11/2017 Derma Sciences, Inc. (NasdaqCM:DSCI) acquired Medihoney Pty Ltd. from Comvita Limited (NZSE:CVT) for $18.3 million. Derma Sciences operates as a medical device company in the wound care market and is based in Princeton, NJ. Medihoney develops and commercializes medical and family health care products, using the therapeutic properties of unique honeys and other natural compounds and is based in Richlands, AU. Comvita manufactures and markets natural health products and is based in Te Puke, NZ.

1/19/2017 OP2 Labs, LLC acquired Provide Nutrition LLC. The terms of the transaction were not disclosed. As a result of the transaction, Provide Nutrition has been rebranded as Transcend Sciences. OP2 Labs offers medical nutrition products in the United States and is based in Ramona, CA. Transcend Sciences manufactures medical nutrition products for healthcare, sports, fitness and consumer markets and is based in Kaysville, UT.

1/31/2017 i-Health Inc. acquired UP4 Probiotics, LLC from UAS Laboratories, LLC. The terms of the transaction were not disclosed. i-Health develops, markets, and distributes branded products that support natural wellness and is based in Cromwell, CT. UP4 Probiotics manufactures probiotics formulations and is based in Wausau, WI. UAS Laboratories develops, manufactures, and markets probiotics and antioxidants for adults and children and is based in Edina, Minnesota.

2/14/2017 PanTheryx, Inc. acquired APS BioGroup and La Belle, Inc. The terms of the transaction were not disclosed. PanTheryx focuses on the research, development, and commercialization of products that promote intestinal health and is based in Boulder, CO. APS BioGroup manufactures and distributes colostrum supplements and powders and is based in Phoenix, AZ. La Belle manufactures colostrum supplements, beverages, and cosmetics and is based in Bellingham, WA.

3/8/2017 Home Market Foods, Inc. acquired Perfect Fuel Chocolate LLC. The terms of the transaction were not disclosed. Home Market Foods manufactures food products for retail and foodservice customers and is based in Norwood, MA. Perfect Fuel Chocolate produces chocolate and healthy snack products and is based in Boston, MA.

3/10/2017 Aman Dhuka, Roger Janik and Mark Martin acquired Dixie Diners Club and will relaunch the brand as Dixie Foods, Ltd. The terms of the transaction were not disclosed. Dixie Foods develops, produces and markets healthy snack food that tastes like junk food and is based in Spring, TX.

3/27/2017 Youngevity International, Inc. (OTCPK:YGYI) acquired RicoLife, LLC. Youngevity also acquired BellaVita Group LLC on 3/29/2017. The terms of the transactions were not disclosed. Youngevity develops and distributes health and nutrition related products and services primarily through an independent direct selling network in the United States and internationally and is based in Chula Vista, CA. RicoLife provides herbal and fruit-based energy and slimming supplements and is based in Modesto, CA. BellaVita provides health and wellness products and is based in South Jordan, UT.

3/31/2017 New Age Beverages Corporation (NasdaqCM:NBEV) acquired Maverick Brands, LLC for $12.6 million. New Age Beverages operates as a healthy functional beverage company offering ready to drink tea, kombucha, energy drinks, and functional waters and is based in Denver, CO. Maverick Brands produces and distributes organic coconut water and is based in Palo Alto, CA.

4/3/2017 Glanbia Performance Nutrition, Inc. acquired Body & Fit Sportsnutrition B.V. The terms of the transaction were not disclosed. Glanbia Performance Nutrition manufactures and markets sports nutrition products and is based in Aurora, IL. Body & Fit Sportsnutrition distributes sports nutrition, food supplements, and dietary products and is based in Heerenveen, the Netherlands.

Private Placements

1/12/2017 Health-Ade LLC received $8.0 million in funding from three investors. Health-Ade produces Kombucha, a fermented tea that contains probiotics and healthy acids and is based in Los Angeles, CA.

1/20/2017 ISS Research, LLC received funding from new investor CAVU Venture Partners. The terms of the transaction were not disclosed. ISS Research produces shakes, nutritional bars, and protein powder and is based in Charlotte, NC. CAVU Venture Partners is a venture capital and private equity firm based in New York, NY.

2/7/2017 Miyoko's Kitchen, Inc. received a Series B round of equity financing led by new investor JMK Consumer Growth Partners and including participation from existing investors. The terms of the transaction were not disclosed. Miyoko's Kitchen produces and sells vegan cheese products and is based in Fairfax, CA. JMK Consumer Growth Partners is a private equity firm based in New York.

2/13/2017 RiceBran Technologies (NasdaqCM:RIBT) received $8.0 million in funding. RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran and is based in Scottsdale, AZ.

2/28/2017 SmartyPants, Inc. received $6.7 million in funding from 16 investors. SmartyPants develops and provides gummy vitamins for kids and adults and is based in Venice, CA.

2/28/2017 D's Naturals, LLC received a round of funding led by new investor 2x Consumer Products Growth Partners. The terms of the transaction were not disclosed. D's Naturals produces and markets protein bars and is based in Cincinnati, OH. 2x Consumer Products Growth Partners is a principal investment firm based in Chicago, IL.

3/20/2017 BEFORE Brands, Inc. received $35.0 million in its Series B round of funding led by existing investor Gurnet Point Capital Limited. BEFORE Brands, a science-based consumer products company, provides nutritional products to families and is based in Menlo Park, CA. Gurnet Point Capital is a private equity and venture capital firm based in Cambridge, MA.

3/24/2017 Traditional Medicinals, Inc. announced that it will receive $8.5 million in funding. Traditional Medicinals provides botanical products and is based in Sebastopol, CA.