NEW YORK, Aug. 24 /PRNewswire/ -- Bear Growth Capital Partners ("BGCP"), an affiliate of Bear Stearns Merchant Banking, today announced that it has made a growth equity investment in New Chapter, Inc. ("New Chapter"). New Chapter, based in Brattleboro, VT, is a leading producer, formulator, packager and distributor of organic probiotic nutrients and herbal formulations. Terms of the deal were not disclosed.
Founded in 1982 by current CEO Paul Schulick, New Chapter sells over 90 products to approximately 3000 retail locations. New Chapter is widely known for its innovative formulations, such as Zyflamend®, and recently became the first and only "certified organic" supplement company to offer vitamins and minerals made with organic ingredients.
New Chapter's product lines include Probiotic Nutrients(TM), which are cultured whole-food vitamin and mineral formulations such as multi-vitamins, prenatal, men's, women's, and single nutrient vitamins, including five of the top-selling products in the women's vitamin / mineral category, and Supercritical Therapy(TM) which are herbal formulations, including the leading men's herbal product Prostate 5lx®, the leading general herbal formula Zyflamend®, and one of the leading women's herbal products, Estrotone®. New Chapter's line also includes MycoMedicinals®, a licensed product line of medicinal mushrooms, and Specialty products, including the Berry Green(TM) fruits and greens drink powder.
"We are excited about this partnership with New Chapter," said Paul Lattanzio, Senior Managing Director, Bear Growth Capital Partners. "New Chapter has distinguished itself by developing proprietary processes and creating products to meet a growing demand for premium quality and broad spectrum supplements. This management team has done an excellent job of positioning the company to capitalize on future growth opportunities and we look forward to supporting New Chapter with its expansion initiatives."
"We are pleased to partner with Bear Growth Capital Partners. BGCP's business expertise, industry relationships and financial support will enable New Chapter to broaden distribution through expanding product lines as well as growing our market domestically and internationally," said Paul Schulick, CEO of New Chapter.
About Bear Growth Capital Partners: Bear Growth Capital Partners ("BGCP") is an affiliate of Bear Stearns Merchant Banking, the private equity arm of The Bear Stearns Companies Inc. (NYSE: BSC - News). BGCP focuses on making investments in middle market companies valued between $20 and $100 million. BGCP will invest in compelling growth capital opportunities, traditional buyouts, recapitalizations, co-investments, and control and minority ownership positions alongside superior management teams and other private equity sponsors. More information about BGCP can be found at http://www.bsmb.com.
About New Chapter, Inc.: New Chapter is a widely respected producer, formulator, packager and distributor of organic probiotic nutrients and herbal formulations selling over 90 products to approximately 3000 retail locations. Its three main categories include Probiotic Nutrients, Supercritical Therapy and MycoMedicinals. More information about New Chapter can be found at http://www.new-chapter.com.