Neptune Wellness Solutions Acquires Controlling Interest in Sprout Foods
February 10, 2021
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.
- Buyers
- Neptune Wellness Solutions Inc.
- Targets
- Sprout Foods
- Sellers
- Investment funds managed by Morgan Stanley Expansion Capital (MSEC)
- Industry
- Food & Beverage
- Location
- Florida, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Neptune Wellness Solutions Acquires SugarLeaf Labs and Forest Remedies
July 24, 2019
Manufacturing
Neptune Wellness Solutions Inc. completed the acquisition of substantially all assets of SugarLeaf Labs, LLC and Forest Remedies LLC, expanding Neptune's U.S. hemp extraction and finished-product manufacturing capacity. The initial consideration was US$18 million (US$12M cash and US$6M common shares) with potential earnouts up to US$132 million tied to performance; the deal adds a 24,000 sq. ft. North Carolina facility and expected extraction run-rate capacity to Neptune's North American platform.
-
Summa Equity Acquires Majority Stake in Nutris
September 3, 2024
Food & Beverage
Impact investor Summa Equity has acquired a majority stake in Nutris, a Croatian plant-based protein ingredients manufacturer founded in 2019. The investment will support scaling Nutris’s manufacturing capacity and R&D to expand production of fava-bean protein isolates and other plant-based ingredients for food, sports nutrition and dairy/meat alternative markets.
-
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.
-
Snapdragon Capital Partners & The Maze Group Acquire Minority Stake in Nutraceutical International
July 17, 2019
Consumer Products
HGGC sold a minority stake in Nutraceutical International Corporation to Snapdragon Capital Partners and The Maze Group, with a DWS-led investor group providing support. The investment is intended to accelerate Nutraceutical’s digital transformation and omnichannel growth while HGGC remains a significant partner; terms were not disclosed.
-
Nexus Capital Management LP Makes Strategic Growth Investment in Sky Organics
May 13, 2021
Consumer Products
Nexus Capital Management LP completed a strategic growth investment in Sky Organics, a family-owned natural and certified organic personal care brand. Nexus said it will increase marketing investments and support the company's growth and distribution expansion for its clean-beauty product lines.
-
Nestlé Health Science Acquires Majority Stake in Orgain
February 2, 2022
Food & Beverage
Nestlé Health Science has agreed to acquire a majority stake in Orgain, the U.S. plant-based nutrition company, from founder Dr. Andrew Abraham and Butterfly Equity; both sellers will retain minority ownership positions. Dr. Andrew Abraham will remain CEO of Orgain and the deal will let Nestlé Health Science expand its portfolio of clean, plant-based nutrition products globally; the transaction is subject to customary regulatory approvals.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.