Compass Group closes $132.5 mln buy of VC-backed Manitoba Harvest
Compass Diversified Holdings, an affiliate of U.S. private equity firm The Compass Group, has completed its previously announced acquisition of Fresh Hemp Foods Ltd, a.k.a. Manitoba Harvest Hemp Foods. The final purchase price was $132.5 million. As a result, Compass now holds about 87 percent of Manitoba Harvest, with company managers and existing investor White Road Investments holding the balance. Founded in 1998, Manitoba Harvest is a vertically-integrated hemp food producer. The Winnipeg-based company has been a portfolio investment of Canadian agribusiness venture capital firm Avrio Capital since its Series A financing in April 2009.
13 July 2015•4 mins read
