Columbia West Capital News - Industry Deal Intelligence
02.01.18 CWC Q4 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

10/2/2017 Milk Specialties Company acquired Merrick's Milk Replacer and Hi-fat business. The terms of the transaction were not disclosed. Milk Specialties develops and manufactures dairy-based nutritional ingredients to optimize health and nutrition and is based in Eden Prairie, MN. Merrick's manufactures and supplies animal feed products and ingredients and is based in Middleton, WI.

10/11/2017 Kerry Group plc (ISE:KRZ) acquired Ganeden, Inc. The terms of the transaction were not disclosed. Kerry Group develops, manufactures, and delivers technology-based taste and nutrition solutions for the food, beverage, and pharmaceutical industries and is based in Tralee, Ireland. Ganeden manufactures and supplies probiotics and probiotic bacteria and is based in Maryfield Heights, OH.

10/26/2017 Danone acquired a minority stake in Nurture, Inc., dba Happy Family. The terms of the transaction were not disclosed. Danone operates as a food and specialized health products distributor and is based in Paris, France. Happy Family produces and supplies organic foods for babies and toddlers and is based in New York, NY.

10/27/2017 Kellogg Company (NYSE:K) acquired Chicago Bar Company LLC, dba RXBAR, from Jared Smith and Peter Rahal for $600.0 million. RXBAR produces and sells food protein bars in the United States and is based in Chicago, IL.

10/28/2017 Hearthside Food Solutions LLC agreed to acquire Standard Functional Foods Group, Inc. The terms of the transaction were not disclosed. Hearthside Food Solutions manufactures baked goods and bars and is based in Downers Grove, IL. Standard Functional Food Group manufactures various food products, including weight management and nutritional foods and is based in Nashville, TN.    

10/30/2017 Xynomic Pharmaceuticals, Inc. acquired exclusive global rights to develop, manufacture and commercialize BI 882370 from C.H. Boehringer Sohn AG & Co. KG for $502.0 million. Xynomic Pharmaceuticals offers research and development of oncology drugs and is based in Cheyenne, WY. BI 882370 of C.H. Boehringer Sohn AG & Co. KG develops potent RAF Inhibitor against solid tumors and is based in Germany.

10/31/2017 Nature Soy, Inc. acquired J.P. Veggies Inc., dba VeggieLand. The terms of the transaction were not disclosed. Nature Soy produces and supplies soy and vegetarian products to grocery stores, supermarkets, and natural food stores and is based in Philadelphia, PA. VeggieLand engages in the processing of vegetarian food products and is based in Parsippany, NJ.    

11/3/2017 Innophos Holdings, Inc. (NasdaqGS:IPHS) acquired NutraGenesis, LLC for $28.0 million. Innophos Holdings produces performance-critical and nutritional specialty ingredients and is based in Cranbury, NJ. NutraGenesis develops nutraceutical and functional ingredients for the dietary supplement and food and beverage marketplaces and is based in Brattleboro, VT.    

11/6/2017 Youngevity International, Inc. (NasdaqCM:YGYI) acquired assets of Future Global Vision Inc. Youngevity develops and distributes health and nutrition related products and services and is based in Chula Vista, CA. Future Global Vision manufactures fuel additive products and is based in Las Vegas, NV.    

11/08/2017 Manna Pro Products, LLC acquired Corta-Fix, Inc. The terms of the transaction were not disclosed. Manna Pro Products manufactures and markets animal feed and is based in Chesterfield, MO. Corta-Fix produces joint supplements for animals and is based in Aiken, SC.    

11/9/2017 Ajinomoto North America, Inc. acquired Cambrooke Therapeutics, Inc. for $64.0 million. Ajinomoto North America manufactures and sells amino acid products for the processed food sector and is based in Fort Lee, NJ. Cambrooke Therapeutics produces and sells medical formulas and food for the management of various medical conditions for people with serious unmet medical nutrition needs and is based in Ayer, MA.

11/27/2017 Hormel Foods Corporation (NYSE:HRL) acquired Columbus Manufacturing, Inc. from Arbor Private Investment Company and others for approximately $850.0 million. Hormel Foods produces and markets various meat and food products in the United States and internationally and is based in Austin, MN. Columbus Manufacturing produces salamis and deli meats and is based in Hayward, CA.

11/29/2017 Brinkhoff & Monoson, Inc. acquired San Francisco Salt Company. The terms of the transaction were not disclosed. Brinkhoff & Monoson manufactures and delivers its own and private-label organic spices and all natural seasonings and is based in Springfield, MO. San Francisco Salt Company produces sea salt and is based in Hayward, CA.

12/4/2017 The Hain Celestial Group, Inc. (NasdaqGS:HAIN) acquired Clarks UK Ltd. The terms of the transaction were not disclosed. The Hain Celestial Group manufactures, markets, distributes, and sells organic and natural products and is based in Lake Success, NY. Clarks produces natural sweetener, maple syrup, and dessert sauce and is based in Newport, UK.

12/4/2017 Nellson Nutraceutical, LLC acquired VMI Nutrition, dba Genysis Brand Solutions Inc. The terms of the transaction were not disclosed. Nellson Nutraceutical operates as a third-party manufacturer and provider of nutrition bars, nutritional powders, and healthy snacks and is based in Salt Lake City, UT. Genysis Brand Solutions engages in the formulation, blending, packaging, and cGMP testing of powdered nutritional supplements and is based in Salt Lake City, UT.

12/13/2017 UTZ Quality Foods, LLC acquired Inventure Foods, Inc. for $142.7 million. UTZ Quality Foods manufactures and markets snack foods in the United States and internationally and is based in Hanover, PA. Inventure Foods manufactures and markets healthy and natural specialty snack food products in the United States and internationally and is based in Phoenix, AZ.

12/13/2017 Unilever United States, Inc. acquired assets of Tazo Tea Company from Starbucks Corporation (NasdaqGS:SBUX) for $384.0 million. Unilever manufactures and sells food, refreshments, home, and personal care products in the United States and is based in Englewood Cliffs, NJ. Tazo Tea offers tea and herbal beverages and is based in Portland, OR. Starbucks, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide and is based in Seattle, WA.

12/19/2017 Cooke Inc. acquired Omega Protein Corporation (NYSE:OME) for $508.1 million. Cooke engages in the production of seafood products and is based in St George, Canada. Omega Protein develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide and is based in Houston, TX.

12/20/2017 Direct Digital LLC acquired Healthy Directions, LLC from Helen of Troy Limited (NasdaqGS:HELE) for $71.0 million. Direct Digital develops and markets wellness and nutritional supplements and is based in Charlotte, NC. Healthy Directions operates as a health publisher and direct-to-consumer retailer of doctor-formulated vitamins, minerals and supplements and is based in Bethesda, MA. Helen of Troy acquired Healthy Directions in 2014 for approximately $195.0 million.

M&A - Financial

11/3/2017 High Street Capital acquired Open Range Beef, LLC. The terms of the transaction were not disclosed. High Street Capital is a private equity firm based in Chicago, IL. Open Range Beef produces organic beef and is based in Gordon, NE.

11/6/2017 AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) acquired Cargill's Animal Nutrition Business in Switzerland. The terms of the transaction were not disclosed. AURELIUS is a private equity firm based in Grünwald, Germany. Cargill Animal Nutrition manufactures animal nutrition and feed ingredients.

Private Placements

10/17/2017 Beyond Meat, Inc. announced that it has received a round of funding from new individual investor and actor Leonardo DiCaprio. Beyond Meat produces plant-protein based food products and is based in Columbia, MO.

10/17/2017 Orientis Gourmet announced that it has received $24.5 million in funding from NextWorld Evergreen. Orientis Gourmet produces and sells tea and is based in Paris, France. NextWorld Evergreen is a principal investment firm based in San Francisco, CA.

11/1/2017 Hims, Inc. announced that it has received $7.0 million in its seed round of funding. The transaction included participation from new investors Maverick Capital, Angel, Thrive Capital, Forerunner Ventures, Cherubic Ventures, Harry's, and Amity Supply. Hims manufactures men's wellness products and is based in San Francisco, CA.

11/6/2017 Health-Ade, LLC announced that it raised $12.6 million in a round of funding. Health-Ade produces Kombucha, a fermented tea that contains probiotics and healthy acids, and is based in Los Angeles, CA.

11/14/2017 SSB Holdings, Inc., dba ProTec Laboratory, announced that it has received equity funding from new investor Rosewood Private Investments. ProTec Laboratory produces nutritional supplements and is based in Quitman, TX. Rosewood Private Investments is a private equity arm of The Rosewood Corporation and is based in Dallas, TX.    

11/14/2017 Lyons Magnus, Inc. announced that it has received a round of funding from new investor Paine Schwartz Partners, LLC. Lyons Magnus develops, produces, packages, and markets fruit, beverage, and cocoa-based products for food service and industrial customers and is based in Fresno, CA. Paine Schwartz Partners, formerly known as Paine & Partners, is a private equity firm based in New York, NY.    

11/14/2017 Hum Nutrition Inc. announced that it received a series A round of funding for gross proceeds of $5.0 million. The transaction involved participation from Strand Equity Partners, LLC and new investors Imaginary Ventures and CircleUp Network, Inc., Investment Arm. Hum Nutrition manufactures and sells vitamins and supplements for skin, hair, nails, and weight loss and is based in Los Angeles, CA.    

11/15/2017 True Jerky announced that it has received funding from new investor One Thousand and One Voices, LLC. True Jerky engages in producing healthy snack food and is based in San Francisco, CA. One Thousand and One Voices is a private equity firm based in Denver, CO.    

11/15/2017 Nuun and Company Inc. announced that it has received funding from new investor TSG Consumer Partners for a minority stake in the company. Nuun produces and distributes electrolyte hydration drink tablets for athletes and enthusiasts in cycling, running, triathlon, golf, outdoor, and general fitness and is based in Seattle, WA. TSG Consumer Partners is a private equity firm based in San Francisco, CA.    

11/16/2017 The Baupost Group, LLC acquired 24.8% stake in Bakkavor Holdings Limited (LSE:BAKK). The terms of the transaction were not disclosed. The Baupost Group is an employee-owned hedge fund sponsor based in Boston, MA. Bakkavor Holdings produces and supplies fresh prepared foods and is based in London, UK.    

11/19/2017 Sunshine Beverages announced that it has received funding from new investor Teall Investments, LLC. Sunshine Beverages produces, markets, and sells better-for-you energy beverages and is based in Winston-Salem, NC. Teall Investments is a private equity firm based in Winston-Salem, NC.    

11/29/2017 Thorne Research, Inc. announced that it has received a round of funding from new investor Mitsui & Co., Ltd. (TSE:8031). Thorne Research develops and manufactures dietary supplements and is based in New York, NY. Mitsui & Co. operates as a general trading company worldwide and is based in Tokyo, Japan.     

11/30/2017 Green Grass Foods Inc. announced that it has received an undisclosed amount of funding from new investor CircleUp Growth Partners, L.P. Green Grass Foods produces dairy-free creamers and is based in Newport Beach, CA. CircleUp Growth Partners is a venture capital firm based in San Francisco, CA.    

12/7/2017 Beyond Meat, Inc. announced that it has received $55.0 million in an equity round of funding led by Cleveland Avenue LLC. Beyond Meat produces plant-protein based food products and is based in Columbia, MO. Cleveland Avenue is a venture capital and private equity firm based in Chicago, IL.    

12/19/2017 PathoBiome LLC announced that it has received funding from new investor Vanterra Capital LLC. PathoBiome develops probiotic supplements and is based in Cleveland, OH. Vanterra Capital is a private equity and venture capital firm based in New York, NY.

12/28/2017 Amyris, Inc. (NasdaqGS:AMRS) entered into an agreement for a private placement of unsecured promissory notes of $25.0 million. The transaction involved participation from DSM Produtos Nutricionais, a division of DSM Nutritional Products AG. Amyris provides various alternatives to a range of petroleum-sourced products and is based in Emeryville, CA. DSM Produtos Nutricionais manufactures nutritional supplements for dairy cattle, equines, sheep, goats, poultry, and pigs and is based in São Paulo, Brazil.