Houlihan Lokey is pleased to announce the completion of the sale of Santa Cruz Nutritionals (SCN), a portfolio company of Levine Leichtman Capital Partners, to RoundTable Healthcare Partners. The transaction closed on July 29, 2013.
Houlihan Lokey served as the lead financial advisor to SCN and assisted in structuring and negotiating the transaction on their behalf. This deal represents another successful transaction for Houlihan Lokey in the Consumer Health industry.
SCN, based in Santa Cruz, Calif., is a leading innovator and manufacturer of gummy-based vitamins, minerals, supplements (VMS), and other nutritional products for consumers of all ages. The company pioneered the gummy VMS category with the launch of the first commercially viable gummy multivitamin for children in 1998 and has developed over 250 formulations and brought over 50 new products to market each year since 2009. SCN has maintained its market-leading position due to its unique status as one of only two domestic FDA Good Manufacturing Practice-compliant gummy VMS manufacturers. SCN is the only gummy manufacturer selling to large, branded VMS marketers as well as leading food, drug, and mass merchandise (FDM) retailers.
Levine Leichtman Capital Partners (LLCP) is a Los Angeles, Calif.-based investment firm that manages approximately $6.5 billion of institutional investment capital through private equity partnerships, distressed debt, and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., and Levine Leichtman Capital Partners Private Capital Solutions II, L.P. Prior investments by LLCP include Sequel Youth and Family Services, Interdent, CiCi's Pizza, Hackney Ladish, Jon Douglas Real Estate Group, and Quizno's.
RoundTable Healthcare Partners, based in Lake Forest, Ill., is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. The firm has established a successful track record of working with owner/founders, family companies, management teams, entrepreneurs, and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable currently manages $1.9 billion in capital, including three equity funds totaling $1.5 billion and two subordinated debt funds totaling $400 million.
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $3 billion, according to Thomson Reuters.