M&A Deal Summary

Pharmavite Acquires FoodState

On December 18, 2014, Pharmavite acquired food company FoodState from The Riverside Company and Loft Growth Partners

Acquisition Highlights
  • This is Pharmavite’s 1st transaction in the Food sector.
  • This is Pharmavite’s 1st transaction in the United States.
  • This is Pharmavite’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2014-12-18
Target FoodState
Sector Food
Buyer(s) Pharmavite
Sellers(s) The Riverside Company
Loft Growth Partners
Deal Type Add-on Acquisition

Target

FoodState

Derry, New Hampshire, United States
FoodState, Inc. is a manufacturer and distributor of whole food nutritional supplements.

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Buyer(S) 1

Buyer

Pharmavite

Mission Hills, California, United States

Category Company
Sector Consumer Products
DESCRIPTION

Pharmavite LLC is a manufacturer of dietary supplements as well as soy-based all natural snack bars.


DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (New Hampshire) 1 of 1
Country (United States) 1 of 3
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Uqora

San Diego, California, United States

Uqora is a healthcare company specializing in urinary tract health. Uqora’s roots lie in proactive urinary tract care and research, leading the way in the development of next-generation health products. Uqora was founded in 2015 and is based in San Diego, California.

Buy -

Seller(S) 2

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 97 of 191
Sector (Food) 3 of 6
Type (Add-on Acquisition) 40 of 82
State (New Hampshire) 2 of 2
Country (United States) 73 of 133
Year (2014) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 SCRAM Systems

Littleton, Colorado, United States

SCRAM Systems is a provider of technology-enabled monitoring solutions and groundbreaking offender management software for state and local judicial systems and corrections departments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Brookson

Warrington, United Kingdom

Brookson is a provider of support services to freelancers and independent contractors. Brookson is based in Warrington, United Kingdom.

Buy -
DESCRIPTION

Loft Growth Partners is a growth-oriented private investment group focused on US-based opportunities in the consumer sector. Specific sectors of interest include food, beverages, personal care, home care, pet care, and other branded consumer products. The Firm will consider both majority and minority positions and generally pursues companies with $2 to $100 million in revenue. Loft Growth Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 5
Sector (Food) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (New Hampshire) 1 of 1
Country (United States) 1 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Good Karma Foods

Boulder, Colorado, United States

Good Karma Foods is a non-dairy beverage business. The company’s flagship Good Karma flaxmilk is a highly differentiated non-dairy beverage with a unique nutritional profile and great taste that is closer to dairy cow’s milk than many other options. Good Karma is broadly available in the natural channel and rapidly expanding its distribution into conventional grocery stores. Good Karma Foods is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Orabrush

Provo, Utah, United States

Orabrush, Inc. is a tongue cleaner brand. Orabrush brand, including the Orabrush Tongue Cleaner, Orabrush Tongue Foam and Orabrush LiquiGel.

Sell -