Columbia West Capital News - Industry Deal Intelligence
08.30.17 CWC Q2 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

4/3/2017 Nutrabolt Inc. acquired Scivation, Inc. The terms of the transaction were not disclosed. Nutrabolt develops and markets nutrition and dietary supplements and is based in Bryan, TX. Scivation manufactures and supplies nutritional supplements and is based in Burlington, NC.    

4/3/2017 Betterra Brands, LLC acquired Gimbal Brothers, Inc. The terms of the transaction were not disclosed. Betterra Brands produces and sells gourmet jelly beans, gummy vitamins, organic and sugar-free hard and chewy confections, licorice, and candies and is based in San Francisco, CA. Gimbal Brothers manufactures gummy vitamins and supplements and is based in San Francisco, CA.    

4/6/2017 Nutraceutical International Corporation (NasdaqGS:NUTR) acquired substantially all assets of Zhou Nutrition for $19.7 million. Nutraceutical International manufactures, markets, distributes, and retails branded nutritional supplements and other natural products and is based in Park City, UT. Zhou Nutrition manufacturers and sells natural supplements and is based in Kansas City, MO.    

4/11/2017 Conyers Park Acquisition Corp. (NasdaqCM:CPAA) agreed to acquire Atkins Nutritionals Holdings, Inc. for $730.1 million. The transaction closed on 7/7/2017. Conyers Park was created in 2016 by Jim Kilts, former CEO of Gillette and Proctor & Gamble, and Dave West, former CEO of Hershey and Del Monte Foods, with backing from their private investment firm Centerview Capital which is based in Greenwich, CT. Atkins manufactures food products, nutritional supplements, and dietary products and is based in Denver, CO. Conyers Park and Atkins will be merged to form The Simply Good Foods Company and will list on the NASDAQ under the symbol SMPL. Kirkland & Ellis LLP served as legal advisor to Conyers Park. King & Spalding LLP served as legal advisor to Atkins.    

5/5/2017 Zija International, Inc. acquired XanGo, LLC. The terms of the transaction were not disclosed. Zija produces Moringa-based products and is based in Lehi, UT. XanGo produces and markets mangosteen beverage juice and nutritional products and is based in Lehi, UT.    

5/17/2017 Ashland LLC acquired Pharmachem Laboratories, Inc. for $660.0 million. Ashland manufactures and markets specialty chemicals and is based in Covington, KY. Pharmachem manufactures and distributes custom and branded nutritional and nutraceutical ingredients to natural and nutritional, food and beverage, flavor, and fragrance industries and is based in Kearny, NJ. Cravath, Swaine & Moore LLP served as legal advisor to Ashland. Arnold & Porter Kaye Scholer LLP served as legal advisor to Pharmachem.    

5/19/2017 Young Living Essential Oils LC acquired Life Matters, LLC. The terms of the transaction were not disclosed. Young Living Essential Oils provides essential oils and wellness solutions and is based in Lehi, UT. Life Matters produces nutritional products and supplements and is based in Coeur d'Alene, ID.    

5/23/2017 New Age Beverages Corporation (NasdaqCM:NBEV) acquired Premier Micronutrient Corporation for $5.2 million. New Age Beverages operates as a healthy functional beverage company and is based in Denver, CO. Premier Micronutrient develops, manufactures, and markets formulations of natural vitamins, minerals, and antioxidant supplements/micronutrients and is based in Nashville, TN. Bart and Associates, LLC served as legal advisor to New Age Beverages. DeSantis Law Firm served as legal advisor to Premier Micronutrient.    

5/24/2017 Luigi Lavazza S.p.A. acquired an 80% stake in Kicking Horse Coffee Co. Ltd. The terms of the transaction were not disclosed. Luigi Lavazza owns and operates coffee shops in Italy and internationally and is based in Turin, Italy. Kicking Horse Coffee Co. engages in brewing and roasting organic coffee and is based in Invermere, Canada. Blake, Cassels & Graydon LLP served as legal advisor to Lavazza.    

6/2/2017 Balchem Corporation (NasdaqGS:BCPC) acquired IFP, Inc. The terms of the transaction were not disclosed. 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. IFP develops, manufactures, and commercializes powder products for various industries and is based in Faribault, MN.    

6/19/2017 Hi-Tech Pharmaceuticals, Inc. acquired Top Secret Nutrition, LLC. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, GA. Top Secret Nutrition designs, develops, markets, and distributes nutritional supplements and is based in Miramar, FL.  

6/22/2017 Dean Foods Company (NYSE:DF) acquired Uncle Matt's Organic Inc. Dean Foods Company is a food and beverage company based in Dallas, TX. Uncle Matt's produces organic orange juices and is based in Clermont, FL.  

Private Placements

4/6/2017 Vital Farms, Inc. announced that it has received $11.1 million from new investor Sunrise Strategic Partners, LLC and other investors. Vital Farms provides pasture raised and ethically produced eggs and butter and is based in Austin, TX. Sunrise Strategic Partners is a venture capital firm based in Boulder, CO.    

4/21/2017 Reed's, Inc. (AMEX:REED) announced that it has entered into a securities purchase agreement for a private placement of a subordinated convertible non-redeemable secured notes for gross proceeds of $3.4 million to accredited investor Raptor/Harbor Reeds SPV LLC. Reed's develops, manufactures, markets, and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies, and ice creams and is based in Los Angeles, CA. Libertas Law Group, Inc. served as legal advisor to Reed's.    

5/4/2017 Soylent Corporation announced that it has received $50.1 million in its Series B round of funding led by new investor GV and including participation from nine other investors. Soylent produces meal replacement products and is based in Los Angeles, CA. GV operates as the venture capital arm of Alphabet Inc. and is based in Mountain View, CA.    

5/5/2017 ALPHAEON Corporation received a round of funding led by existing investor Dental Innovations Bvba and including participation from other existing investors. The terms of the transaction were not disclosed. ALPHAEON develops beauty, wellness, and lifestyle products and is based in Irvine, CA. Dental Innovations Bvba is based in Antwerp, Belgium.    

5/24/2017 Bulletproof 360, Inc. announced that it has received $19.0 million in its Series B round of funding led by new investor CAVU Venture Partners and including participation from existing investor Trinity Ventures. Bulletproof manufactures coffee and tea products and dietary supplements and is based in Bellevue, WA. CAVU Venture Partners is a venture capital and private equity firm based in New York, NY. Trinity Ventures is a venture capital firm based in San Francisco, CA.    

6/1/2017 Nutriceutical Holdings, LLC received funding from new investor KD Pharma Group. The terms of the transaction were not disclosed. Nutriceutical Holdings develops and manufactures Omega-3 based nutraceuticals and dietary supplements and is based in Plymouth Meeting, PA. KD Pharma is a pharmaceutical-grade Omega-3 manufacturer and is based in Bexbach, Germany.    

6/6/2017 Humm Kombucha LLC received $8.1 million in a round of funding from VMG Partners and other investors. Humm Kombucha produces kombucha, a fermented tea made by combining sweet tea with symbiotic colony of bacteria and yeast, and is based in Bend, OR. VMG Partners is a private equity firm based in San Francisco, CA.    

6/22/2017 That's It Nutrition, LLC announced that it has received funding from a new investor, an SBIC Fund managed by Opus Bank's Investment Arm. The terms of the transaction were not disclosed. That's it Nutrition, LLC, doing business as That's It, engages in manufacturing of healthy snacks made of fruits and vegetables and is based in Los Angeles, CA. Opus Bank's Investment Arm is a private equity team based in Irving, CA.