Columbia West Capital News - Industry Deal Intelligence
06.13.18 CWC Q1 2018 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

1/9/2018 The Nature's Bounty Co. acquired Best Bar Ever, Inc. The terms of the transaction were not disclosed. Best Bar Ever produces and sells gluten-free protein bars and is based in Hunt Valley, MD. The Nature's Bounty manufactures, markets, distributes, and retails vitamins, nutritional supplements, herbs, sports and active nutrition, and ethical beauty products and is based in Ronkonkoma, NY.

1/30/2018 Wild Zora Foods, LLC acquired Paleo Meals to Go. The terms of the transaction were not disclosed. Paleo Meals to Go manufactures freeze-dried meals and is based in Denver, CO. Wild Zora Foods produces dehydrated-meat snack bars and is based in Loveland, CO.

1/30/2018 Gehl Foods, LLC acquired California Natural Products Inc. The terms of the transaction were not disclosed. California Natural Products manufactures nutritional, natural, and organic food ingredients and is based in Lathrop, CA. Gehl Foods produces ready-to-serve dairy products for concession, convenience store, restaurant, and foodservice markets and is based in Germantown, WI. Perkins Coie LLP served as legal advisor to California Natural Products. Reed Smith LLP served as legal advisor to Gehl Foods.

1/31/2018 Celebrate Brands LLC acquired Domata and Green Plate Kitchen, Inc. The terms of the transaction were not disclosed. Domata produces easy to use, gluten-free flour and mixes and is based in Minneapolis, MN. Green Plate Kitchen provides organic meals catering services to private schools, catering events, and homes and is based in Houston, TX. Celebrate Brands produces food products and is based in Porter, TX.

2/7/2018 DCC Health & Beauty Solutions Limited acquired Elite One Source Nutritional Services, Inc. for $50.0 million. Elite One Source Nutritional Services, together with its subsidiary, provides contract manufacturing services for nutritional and dietary supplements and is based in Missoula, MT. DCC Health & Beauty Solutions provides contract manufacturing services to the health and beauty sectors and is based in Runcorn, United Kingdom.

2/12/2018 Froneri Limited acquired Green & Black's Organic Ice Cream from Mondelez International, Inc. (NasdaqGS:MDLZ). The terms of the transaction were not disclosed. Green & Black's Organic Ice Cream comprises an ice cream production business and is based in the United Kingdom. Froneri manufactures ice creams and frozen food products and is based in the United Kingdom. Mondelez, through its subsidiaries, manufactures and markets snack food and beverage products worldwide and is based in Deerfield, IL.

2/20/2018 Youngevity International, Inc. (NasdaqCM:YGYI) acquired Nature Direct. The terms of the transaction were not disclosed. Nature Direct produces and distributes home and personal care products including essential oils and is based in Archerfield, Australia. Youngevity develops and distributes health and nutrition related products and services through an independent direct selling network and is based in Chula Vista, CA.

3/5/2018 ARIIX Holdings, LLC acquired NuCerity International Inc. The terms of the transaction were not disclosed. NuCerity manufactures and markets skin care products and is based in Houston, TX. ARIIX manufactures nutritional supplements and is based in Bountiful, UT.

3/6/2018 Youngevity International, Inc. (NasdaqCM:YGYI) acquired ViaViente. The terms of the transaction were not disclosed. ViaViente distributes ViaViente Miracle, a concentrated whole fruit puree blend comprising antioxidants and naturally-occurring vitamins and minerals and is based in Henderson, NV. Youngevity develops and distributes health and nutrition related products and services through an independent direct selling network and is based in Chula Vista, CA.

3/7/2018 Carrington Tea Company LLC acquired Tera's Whey from Wisconsin Specialty Protein, LLC. The terms of the transaction were not disclosed. Tera's Whey manufactures organic whey protein and is based in Madison, WI. Carrington Tea Company produces teas and is based in Oradell, NJ. Wisconsin Specialty Protein produces organic cow, hormone-free cow, and goat whey protein products and is based in Madison, WI.

3/8/2018 Aspire Food Group USA, Inc. acquired Exo, Inc. The terms of the transaction were not disclosed. Exo produces protein bars made of cricket powder and is based in Brooklyn, NY. Aspire Food Group engages in processing, cleaning, roasting, powdering, and packaging insects such as crickets under the brand name Aketta for human consumption and is based in Austin, TX.

3/14/2018 Sensient Colors LLC acquired the Natural Color Business of Globenatural Internacional S.A. The terms of the transaction were not disclosed. The Natural Color Business of Globenatural Internacional comprises business that produces natural food ingredients and is based in Lima, Peru. Sensient Colors manufactures specialty coloring systems for the food and beverage industries and is based in Saint Louis, MO. Globenatural Internacional operates as a natural food and ingredients manufacturing company and is based in Lima, Peru.

M&A - Financial

1/18/2018 Swander Pace Capital acquired the Build Household & Personal Care Business from Watkins Incorporated. The Build Household & Personal Care Business of Watkins Incorporated manufactures, markets, and sells personal care and household products. Watkins manufactures and supplies personal and home care products from natural ingredients and is based in Winona, MN. Swander Pace Capital is a private equity firm based in San Francisco, CA.

3/29/2018 C3 Capital Partners, LP and a group of private investors acquired Baetea LLC. The terms of the transaction were not disclosed. Baetea manufactures and sells health and beauty products online and is based in Okemos, MI. C3 Capital Partners is a private equity firm based in Kansas City, MO.

Private Placements

1/16/2018 Yasso, Inc. announced that it has received a round of funding from new investor Castanea Partners, Inc. Yasso produces and sells frozen Greek yogurt bars and is based in Boston, MA. Castanea Partners is a private equity and venture capital firm based in Newton, MA. Nixon Peabody LLP served as the legal advisor to Yasso. Ropes & Gray LLP served as the legal advisor to Castanea Partners.

1/17/2018 Urban Remedy, Inc. announced that it has received $17.0 million in its Series B round of funding from 301 Inc. Urban Remedy produces and delivers organic juices and is based in Santa Monica, CA. 301 is a venture capital arm of General Mills, Inc. and is based in Minneapolis, MN.

1/24/2018 Puris Proteins, LLC announced that it has received $25.0 million in a round of funding. Puris Proteins produces plant-based and non-GMO food ingredients and products and is based in Minneapolis, MN.

2/7/2018 Safe Catch Inc. announced that is has received $5.0 million in its seed funding from new investor Echo Capital Group LLC and others. Safe Catch produces low mercury level canned tuna and is based in Sausalito, CA. Echo Capital Group is a venture capital firm based in Santa Monica, CA.

2/27/2018 Perfect Day, Inc. announced that it has raised $24.7 million in its Series A round of funding led by Temasek Holdings (Private) Limited that included participation from Continental Grain Company Corp., Verus International and other investors. Perfect Day produces animal-free dairy milk and is based in San Francisco, CA. Temasek Holdings is a sovereign wealth fund of the Government of Singapore. Continental Grain Company engages in agricultural and protein-based businesses and is based in New York, NY. Verus International is a private equity firm based in New York, NY.

3/1/2018 VitaCup, LLC announced that it has received $11.1 million in a round of funding led by new investor First Beverage Ventures. VitaCup manufactures vitamin-infused coffee and tea and is based in San Diego, CA. First Beverage Ventures is a venture capital and private equity arm of First Beverage Group and is based in Los Angeles, CA.

3/8/2018 Ancient Brands, LLC, dba Ancient Nutrition, LLC, announced that it has received $103.0 million in its first round of funding led by new investor VMG Partners, which included participation from Hillhouse Capital Management, Ltd. and other investors. Ancient Nutrition manufactures whole food nutritional products and is based in North Palm Beach, FL. VMG Partners is a private equity firm based in San Francisco, CA. Hillhouse Capital Management is a privately owned investment manager based in Beijing, China.

3/8/2018 Dang Foods LLC announced that it has received $4.0 million in funding from a single undisclosed investor. Dang Foods manufactures and sells flavored chips and is based in Berkeley, CA.

3/9/2018 Humm Holdings LLC, dba Humm Kombucha, LLC, announced that it has received $10.5 million in funding from a single undisclosed investor. Humm Kombucha produces kombucha, a fermented tea made by combining sweet tea with symbiotic bacteria and yeast, and is based in Bend, OR.

3/20/2018 Disruptive Enterprises, LLC announced that it has received an undisclosed amount of funding from new investor One Better Ventures. Disruptive Enterprises produces food, beverages, dietary supplements, and medical food and is based in Durham, NC. One Better Ventures is a principal investment firm specializing in incubation and venture capital and is based in Raleigh, NC.

3/25/2018 Foodstirs, LLC announced that it has received a round of funding that included participation from Katjesgreenfood Gmbh & Co. Kg. Foodstirs provides food crafting kits and healthy entrée recipes and is based in Santa Monica, CA. Katjesgreenfood is a principal investment firm based in Berlin, Germany.