This deal represents another successful transaction for Houlihan Lokey in the Food & Beverage industry.

Nellson, headquartered in Irwindale, Calif., is the leading provider of nutraceutical branded and private-label bar and functional powder products in North America. Nellson designs and manufactures highly nutritious, fortified products that meet consumer demand for superior flavor, texture, convenience, and appetite appeal. Nellson partners with consumer packaged goods companies and retailers across the wellness, sports nutrition, weight control, athletic/energy, and medical nutrition end-markets.

Kohlberg is a leading U.S. private equity firm headquartered in Mount Kisco, N.Y. Since its inception in 1987, Kohlberg has completed 60 platform investments and more than 100 add-on acquisitions, with an aggregate transaction value of approximately $9 billion. Kohlberg has invested over $3 billion during its history and is currently investing its seventh private equity fund, Kohlberg Investors VII.

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. The firm is ranked by Thomson Reuters as:

• No. 1 M&A Advisor for All U.S. Consumer, Food & Retail Transactions
• No. 1 M&A Advisor for U.S. Transactions Under $3 Billion
• No. 1 Global M&A Fairness Opinion Advisor Over the Past 10 Years
• No. 1 Global Investment Banking Restructuring Advisor
• No. 1 U.S. Investment Banking Restructuring Advisor

If you would like more information about Houlihan Lokey, or if you have questions regarding the sale of Nellson, please contact one of the Consumer, Food & Retail Group members listed.