Compass Group to acquire VC-backed Manitoba Harvest for $132.5 mln
Compass Diversified Holdings, an affiliate of U.S. private equity firm The Compass Group, has agreed to buy Fresh Hemp Foods Ltd, a.k.a Manitoba Harvest Hemp Foods, in a deal that values the company at $132.5 million. Upon the deal's closing, expected in the next 45 days, the initial equity ownership of Compass will be about 87 percent. White Road Investments, an existing backer of Manitoba Harvest, and certain managers are investing alongside Compass. Based in Winnipeg, Manitoba Harvest is a provider of branded, hemp-based food products that are carried in about 7,000 retail stores across North America. It is a portfolio company of Canadian venture capital firm Avrio Capital.
8 June 2015•6 mins read
