Imperial Capital Advises Amazing Grass in its Sale to Glanbia plc (LSE / ISE: GLB)
28 February 2017 - 3:15AM
Imperial Capital, LLC announced that it served as the financial
advisor to Amazing Grass in its sale to Glanbia plc (LSE:GLB)
(ISE:GLB). Subsequent to the transaction, Amazing Grass has
become a subsidiary of Glanbia's Performance Nutrition division.
Founded in 2002, Amazing Grass is a pioneer in
plant-based nutrition and the leading brand in the greens
category. With a mission of making daily whole food nutrition
accessible, tasty and convenient, the company has developed a loyal
and enthusiastic following and sells its greens and protein
products across the FDM, natural, specialty and e-tail channels.
Amazing Grass greens are USDA organic, Non GMO, kosher pareve,
vegan and gluten free containing a variety of vitamins, minerals,
plant based proteins and phyto-chemicals.
“The Amazing Grass brand and products has been
one of my favorites in the nutrition category for the last 10
years. The founders and their management team have built a
special business and we are happy we could assist them in finding
the best possible home for the brand to continue its growth and
category leadership,” said Brian Wood, Managing Director in the
Consumer Investment Banking Group at Imperial Capital. John
Mack, Managing Director and Co-Head of Investment Banking at
Imperial Capital, added, “This transaction is representative of
Imperial Capital’s expertise across various industries, and in
particular our Consumer group’s knowledge and extensive
relationships at all levels of the Health & Wellness
sector."
About Amazing Grass
Amazing Grass, based in Newport Beach,
California, is a leading brand in the greens and plant-based food
categories with a mission of making daily whole food nutrition
accessible, tasty and convenient. Amazing Grass provides a range of
powdered fruit and vegetable-based "greens" products, which are
typically mixed in water or other liquids for a nutritious snack.
The company also provides greens-based nutrition bars and plant
protein powders. The company began with a strong base in natural
and specialty stores, but has successfully crossed into e-commerce
and conventional mass retail given its appeal to mainstream
health-conscious consumers. More information about Amazing Grass
can be found at www.amazinggrass.com.
About Glanbia
Glanbia plc, based in Ireland, operates as a
leading global nutrition company. Glanbia operates in four
segments: Glanbia Performance Nutrition, Global Ingredients, Dairy
Ireland and Joint Ventures & Associates, which generate a
combined €3.6 billion in revenue. Glanbia’s Performance Nutrition
division is the #1 global performance nutrition brand with a
portfolio that offers powders, bars and ready-to-drink beverages
through various distribution channels. With the acquisition of
Amazing Grass, Glanbia adds to its portfolio of nutrition brands
including: Optimum Nutrition, BSN, Isopure, thinkThin, Nutramino,
ABB, and trusource. More information about Glanbia can be found at
www.glanbia.com.
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a
full-service investment bank offering a uniquely integrated
platform of comprehensive services to institutional investors and
middle market companies. We offer sophisticated sales and trading
services to institutional investors and a wide range of investment
banking advisory, capital markets and restructuring services to
middle market corporate clients. Paired with our proprietary
research and sales & trading desk analysis, we provide
investment analysis across an issuer's capital structure, including
bank loans, debt securities, the hybrid/bank capital marketplace
(through our ELP Framework), post-reorganization equities, special
situations claims and listed and unlisted equities. Our
comprehensive and integrated service platform, expertise across the
global capital structure, and deep industry sector knowledge enable
us to provide clients with research driven ideas, superior advisory
services, and trade execution. We are quick to identify
opportunities under any market conditions and we have a proven
track record of offering creative, proprietary solutions to our
clients. More information about Imperial Capital can be found
at www.imperialcapital.com.
For more information regarding Imperial Capital, please contact:
Tigist Gessesse
(310) 246-3605
tgessesse@imperialcapital.com
Glanbia (LSE:GLB)
Historical Stock Chart
From Apr 2024 to May 2024
Glanbia (LSE:GLB)
Historical Stock Chart
From May 2023 to May 2024