LOS ANGELES, Jan. 17, 2019 /PRNewswire/ -- Imperial Capital, LLC ("Imperial Capital") announced that it served as the exclusive financial advisor to Morinda Holdings, Inc. on its recent merger that resulted in Morinda becoming part of the New Age Beverages Corporation group of companies.
Morinda Holdings, Inc. ("Morinda") is a Utah-based healthy lifestyles and beverage company with more than 700 employees, operations in more than 60 countries around the world, and manufacturing operations in Tahiti, Germany, Japan, the US, and China. Morinda is primarily a direct-to-consumer and E-commerce business, and was founded in 1996. Morinda works with over 160,000 distributors worldwide, with more than 70% of its business generated in the key Asia Pacific markets of Japan, China, Korea, Taiwan, and Indonesia. As a standalone company, Morinda would rank as the one of the top 50 non-alcoholic beverage companies in the world.
New Age Beverages Corporation ("New Age") is a Colorado-based healthy beverage company focused on inspiring, educating, and hydrating consumers. The Company is the only one-stop-shop of healthy beverages and includes the brands Tahitian Noni, Búcha Live Kombucha, XingTea, Coco-Libre, Marley, and others. New Age competes in the growth segments of the >$1 trillion-dollar non-alcoholic beverage industry, has become (with the merger) one of the 40 largest non-alcoholic beverage companies, one of the largest healthy beverage companies, and is the fastest growing in the world over the past two years. The Company's brands are sold across all 50 states within the US and will now be sold in more than 60 countries internationally across all channels via a hybrid of direct-to-consumer and traditional distribution and route-to-market systems.
"This transaction demonstrates Imperial Capital's deep category expertise in Health & Wellness as well as our work with leading consolidators seeking to create dynamic, omni-channel platforms," said Brian Wood, Head of Consumer Investment Banking at Imperial Capital. William Wilson, Managing Director and Head of Leverage Finance, added, "Creating one of the largest healthy beverage companies in the world, the Morinda transaction brings New Age a leading portfolio of healthy beverages, with multi-channel penetration spanning traditional retail, e-commerce, and in-home; with a hybrid route-to-market spanning direct-store-delivery (DSD), wholesale, and direct-to-consumer."
Randy Smith, Morinda's President, commented, "It was a pleasure working with the Imperial Capital team. They truly understood our business model and growth aspirations and delivered a game changing partner in New Age."
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, London, Stamford, Boston, Chicago and Houston. The firm currently employs over 200 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.
SOURCE Imperial Capital, LLC