Apple & Eve Acquires The Switch; Essentia Water Closes Offering Silverwood Partners Exclusive Financial AdvisorFEBRUARY 11, 2014. SHERBORN, MA
Last week, Beverage Acquisition, LLC, dba The Switch Beverage Company, the leader in the 100% sparkling juice category sold throughout schools in the U.S., was acquired by Apple & Eve LLC.
A Representative of Silverwood Partners said "Silverwood Partners was pleased to work with The Switch in identifying, contacting and negotiating the transaction with Apple & Eve."
Maura Mottolese, former CEO of The Switch added, "It was a pleasure working with Silverwood Partners in The Switch's sale to Apple & Eve and I look forward to the continued strong growth of The Switch brand under its new ownership."
In addition, Essentia Water, LLC, the no. 1 selling bottled water brand in the natural channel and the fastest-growing top-10 premium (non-flavored) bottled water brand in the grocery channel, closed on a $3.2MM convertible note, with participation from a select group of investors.
"We look forward to working with Essentia Water as the company continues its remarkable growth,” said a Representative of Silverwood Partners.
Ken Uptain, CEO and founder of Essentia Water added, "Essentia's growth is explosive; in 2013 our case sales were up over 60 percent. Our partnership with Silverwood Partners is invaluable. Together, we have honed Essentia's strategy, developed our team and identified the right capital partners. This is the first outside money Essentia has brought in and Silverwood's relationships and guidance were critical in this process."
Investment bank Silverwood Partners acted as the exclusive financial advisor to The Switch and Essentia in both transactions.
"Over recent months we have seen an increase in interest from larger strategics, institutional investors and family office investors in the healthy living and LOHAS segment. In addition to these deals, profiled today, Silverwood has been the financial advisor for a number of non-disclosed transactions with leading industry participants. We continue to see growing interest in the sector from a diverse group of corporate and financial players," said Jonathan Hodson-Walker, Managing Partner, Silverwood Partners.About Silverwood Partners
Silverwood Partners is a specialized investment bank that provides mergers & acquisitions and private placement advisory services to consumer products, media communications technology, and healthcare companies. The firm's targeted industry focus allows it to bring a depth of knowledge and industry relationships in each client's unique situation, and Silverwood has a hands-on, consultative approach with a high degree of senior partner involvement.
A principal focus of Silverwood is representing consumer products companies in the healthy living and broader LOHAS segment. The firm's commitment and expertise in the natural products and healthy living sector has allowed Silverwood to develop strong relationships with institutional investors and strategic buyers active in the industry.Important Information
This release may include forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, about the future performance of one or more public companies. There are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, such as the competitive market in which any company operates, market acceptance of a public company’s existing and new products, a public company's ability to anticipate customer needs and the other factors set forth under the caption “Certain Factors That May Affect Future Results,” or similar, in a public company’s filings with the Securities and Exchange Commission or other similar regulatory agencies in non-U.S. jurisdictions. In addition, any forward-looking statements contained herein represent an estimate only as of the date of such statement and should not be relied upon as representing an estimate as of any subsequent date.