M&A Deal Summary

Health & Happiness International Holdings Acquires Zesty Paws

On August 23, 2021, Health & Happiness International Holdings acquired consumer products company Zesty Paws from Maxim Partners for 610M USD

Acquisition Highlights
  • This is Health & Happiness International Holdings’ 1st transaction in the Consumer Products sector.
  • This is Health & Happiness International Holdings’ largest (disclosed) transaction.
  • This is Health & Happiness International Holdings’ 2nd transaction in the United States.
  • This is Health & Happiness International Holdings’ 1st transaction in Florida.

M&A Deal Summary

Date 2021-08-23
Target Zesty Paws
Sector Consumer Products
Buyer(s) Health & Happiness International Holdings
Sellers(s) Maxim Partners
Deal Type Add-on Acquisition
Deal Value 610M USD

Target

Zesty Paws

Orlando, Florida, United States
website
Zesty Paws provides premium products to enable and inspire a ZEST FOR LIFE in pets and pet parents. It is the most trusted brand for innovative solutions that guide and empower the journey to wellness. Specializing in dog and cat care, Zesty Paws products Keep Your Bestie Feeling Zesty. Zesty Paws was formed in 2015 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Health & Happiness International Holdings

Hong Kong, China

website


Category Company
Founded 1999
Sector Consumer Products
Employees3,315
Revenue 11.5B CNY (2021)
DESCRIPTION

Health & Happiness International Holdings is a manufacturer of Biostime pediatric probiotics and infant milk formulas. The company brands can be found in more than 12 countries across the Asia-Pacific region, Europe, North America and Oceania. It operates 95 global offices and employs more than 2,800 people. Its global headquarters are in Hong Kong and its United States offices are in San Diego. Health & Happiness International Holdings was founded in 1999 and is based in Hong Kong, China.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Solid Gold Health Products For Pets

El Cajon, California, United States

Solid Gold Health Products For Pets is a provider of food products, supplements, and skin care products for pets.

Buy $163M

Seller(S) 1

SELLER

Maxim Partners

Hinsdale, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
Size Small
Type Sector Agnostic
DESCRIPTION

Maxim Partners LLC is private equity firm focused on opportunities in the education, energy, environmental, and wellness sectors. Maxim will consider opportunities throughout North America and is willing to invest in common stock, preferred stock or subordinated debt. Maxim looks to commit $2 to $20 million in companies with at least $5 million in revenue and $2 million of EBITDA. The Maxim Partners LLC was formed in 1991 and is based in Hinsdale, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Integrity Directional Services

Fort Worth, Texas, United States

Integrity Directional Services is a directional drilling company specializing in delivering quality services to some of the top oil and gas companies in the industry. Integrity Directional Services was founded in 2008 and is based in Fort Worth, Texas.

Sell -