Columbia West Capital News - Industry Deal Intelligence
09.10.18 CWC Q2 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

4/3/2018 Dunn's River Brands, LLC acquired a majority stake in Temple Turmeric, Inc. The terms of the transaction were not disclosed. Temple Turmeric produces and markets whole-root turmeric beverages, including probiotics, wellness shots, and elixirs, and is based in New York, NY. Dunn's River Brands invests in, advises, and manages beverage brands and is based in Canonsburg, PA. McDermott Will and Emery LLP served as legal advisor to Dunn's River Brands.

4/4/2018 UAS Laboratories, Inc. acquired Nebraska Cultures, Inc. The terms of the transaction were not disclosed. Nebraska Cultures manufactures and supplies probiotic ingredients to the natural products industry and is based in Walnut Creek, CA. UAS Laboratories develops, manufactures, and markets probiotic and antioxidant products and is based in Edina, MN.

5/7/2018 Arizona Nutritional Supplements, LLC acquired FDC Vitamins, LLC, dba Nutri-Force Nutrition, from VS Hercules LLC for $15.0 million. FDC Vitamins produces and distributes vitamins, minerals, herbs, and food supplements and is based in Miami, FL. Arizona Nutritional develops, produces, packages, and distributes nutritional supplements in various forms and is based in Chandler, AZ. VS Hercules, a subsidiary of Vitamin Shoppe Industries Inc., produces and distributes vitamins, minerals, herbs, and food supplements and is based in North Bergen, NJ.

5/17/2018 Beijing Gingko Group (BGG) acquired Solix Algredients Inc. The terms of the transaction were not disclosed. Solix is a B2B supplier of algae-based natural ingredients for the nutrition and personal care markets and is based in Fort Collins, CO. BGG produces clinically supported ingredients for dietary supplement, cosmetics, and food and beverage industries and is based in Irvine, CA.

5/21/2018 Tipton Mills Foods LLC announced the acquisition of some blending and packaging assets from Lake Country Foods, Inc. The terms of the transaction were not disclosed.  Lake Country Foods operates as a contract manufacturer of malted milk powder, hot cocoa and bakery mixes, and agglomeration and converted grain products and is based in Oconomowoc, WI. Tipton Mills produces and sells custom blends of food and beverage powders and is based in Columbus, IN.

5/22/2018 Griffin Atlas Limited acquired Nootromins Inc. The terms of the transaction were not disclosed. Nootromins manufactures nootropic supplements for memory and cognitive functionality and is based in San Francisco, CA. Griffin Atlas manufactures, distributes, and markets consumer products, such as soap, detergent, deodorants, disinfectants, germicides, and algaecides, and is based in St. Louis, MO.

6/20/2018 All Market Inc., dba Vita Coco, acquired RUNA, LLC. The terms of the transaction were not disclosed. RUNA produces and sells organic beverages and soft drinks and is based in Brooklyn, NY. Vita Coco produces and supplies coconut water and is based in New York, NY.

6/26/2018 Hola Nola Foods LLC acquired assets of NatureStar Foods Inc., dba Plocky's. The terms of the transaction were not disclosed. Plocky's manufactures and markets food and snack products, including tortillas, hummus, potato chips, salsa dips, and organic dip strips, and is based in Hinsdale, IL. Hola Nola Foods manufactures and supplies tortillas and tortilla chips and is based in Geismar, LA.

Private Placements

4/26/2018 The UCAN Company announced that it has raised $5.8 million in a round of funding from S2G Ventures and Eighteen94 Capital, LLC. UCAN develops and manufactures nutrition products for stabilizing blood sugar for children and athletes and is based in Woodbridge, CT. S2G Ventures is a venture capital firm based in Chicago, IL. Eighteen94 Capital is the venture capital arm of Kellogg Company and is based in Battle Creek, MI.

6/14/2018 Puris Proteins, LLC announced that it has received $12.5 million in a round of funding from a single investor. Puris Proteins produces plant-based and non-GMO food ingredients and products and is based in Minneapolis, MN.

6/15/2018 Imagene Labs Pte Ltd announced that it has received its Series A round of funding led by Formation8 Partners with participation from Raffles Venture Partners, K2 Global, L.P., and others. Imagene Labs develops and manufactures wellness solutions customized to an individual's genetic traits and is based in Singapore. Formation8 Partners is a venture capital firm based in San Francisco, CA. Raffles Venture Partners is a venture capital firm based in Singapore. K2 Global is a private equity and venture capital firm based in San Francisco, CA.

6/21/2018 NextFoods Inc. announced that it has received $12.0 million in a round of funding led by new investor 301 Inc. with participation from returning investor Emil Capital Partners and other existing investors. NextFoods is a producer of nutritional beverage products such as GoodBelly, a probiotic drink that promotes healthy digestion, and is based in Boulder, CO. 301 Inc. is a venture capital arm of General Mills, Inc. and is based in Minneapolis, MN. Emil Capital is the investment arm of Tengelmann Warenhandelsgesellschaft KG and is based in Greenwich, CT.

6/27/2018 Rustic Crust Inc. announced that is has received $8.0 million in a round of funding from Advantage Capital Agribusiness Partners, L.P. Rustic Crust produces ready-made pizza crusts, gluten-free products, sauces, and flatbreads and is based in Pittsfield, NH. Advantage Capital Partners is a venture capital firm based in New Orleans, LA.

6/28/2018 Hims, Inc. announced that it has received $50.0 million in a round of funding led by Institutional Venture Partners with participation from Redpoint Ventures, Thrive Capital, and Forerunner Ventures. Hims manufactures men's wellness products and is based in San Francisco, CA. Institutional Venture Partners and Redpoint Ventures are private equity and venture capital firms based in Menlo Park, CA.  Thrive Capital is a private equity and venture capital firm based in New York, NY. Forerunner Ventures is a venture capital firm based in San Francisco, CA.