North Castle Partners Acquires Controlling Interest in Sprout Organic Foods

Neptune Wellness Solutions Acquires Controlling Interest in Sprout Foods

February 10, 2021

Food & Beverage

Neptune Wellness Solutions acquired a 50.1% controlling interest in Sprout Foods (Sprout Organics) from investment funds managed by Morgan Stanley Expansion Capital, with MSEC becoming a major shareholder in Neptune. The deal includes $6M cash, ~6.74M Neptune shares (~$12M), and Neptune guaranteeing a $10M Sprout note; Neptune will operate Sprout as a subsidiary to accelerate growth across retail and e-commerce channels.

North Castle Partners Makes Strategic Investment in Sparx Hockey

June 9, 2020

Consumer Products

North Castle Partners, a consumer-focused private equity firm, announced a strategic investment in Sparx Hockey to support the fast-growing maker of the Sparx Skate Sharpener. The partnership will provide capital and operational support to accelerate Sparx's distribution, awareness and international expansion.

North Castle Partners Invests in Maya Kaimal Foods

April 17, 2019

Food & Beverage

North Castle Partners, a consumer-focused private equity firm, has made an investment in Maya Kaimal Foods LLC, the maker of Indian-inspired simmer sauces, dals, rices and condiments. The partnership is intended to support brand growth and expand distribution of Maya Kaimal's shelf-stable and ready-to-eat product lines across retail and e-commerce channels.

Jonathan Sprouts Acquires The Sproutman

December 1, 2023

Food & Beverage

Jonathan Sprouts, a multi-generational grower of organic green sprouts, acquired Pennsylvania-based The Sproutman effective December 1, 2023. The acquisition preserves supply continuity as founder Murray Tizer retires and expands Jonathan Sprouts' availability across the Mid-Atlantic and Midwest into the broader Northeast U.S.

North Castle Partners Invests in Glow Recipe

October 1, 2021

Consumer Products

North Castle Partners made a strategic growth investment in Glow Recipe to support the clean, fruit-forward skincare brand's product innovation, international expansion, and talent hires. Financial terms were not disclosed; North Castle will be represented on Glow Recipe's board to help accelerate the brand's global growth.

Arable Capital Partners Makes Strategic Investment in organicgirl

May 30, 2023

Food & Beverage

Arable Capital Partners has made a strategic growth investment in organicgirl, the U.S. market leader in branded organic packaged salads. The investment will support organicgirl’s expansion of products, customers and distribution while the current management team remains in place.