Contact Information: Press: Anna Halloran Jacob Imperial Capital, LLC (310) 246-3675 ahalloranjacob@imperialcapital.com
Imperial Capital Advises Health Resources in Its Investment From Castanea Partners
| Source: Imperial Capital
LOS ANGELES, CA--(Marketwire - February 2, 2010) - Imperial Capital announced today
the closing of an investment in Health Resources ("Health Resources" or the
"Company") by private equity firm Castanea Partners ("Castanea"). Imperial
Capital acted as exclusive financial advisor to Health Resources in the
transaction. Castanea plans to combine Health Resources with Vitamin
Research Products ("VRP"), to create a vertically integrated
direct-to-consumer ("DTC") platform targeting the nutritional industry.
Health Resources, based in Hueytown, Alabama, was founded in 1995 by Layne
and Tiffany Lowery. Health Resources is a leading marketer of high-quality
nutritional supplements sold through various DTC channels. With a product
portfolio focused on the latest developments in nutritional supplement
research, the Company has built a large and growing following among
consumers.
"Imperial Capital provided excellent advice during the deal and its team's
in-depth expertise in the nutrition sector provided considerable benefits
and value throughout the transaction process," said Layne Lowery, CEO of
Health Resources.
"Our investment banking team is dedicated to advising on and implementing
creative, value enhancing solutions for middle market companies," said Jason Reese,
Chairman and Chief Executive Officer of Imperial Capital. Brian Wood,
Managing Director, Imperial Capital, who led the engagement added, "We were
pleased to work with such a high quality company and management team and
believe that Health Resources, VRP and Castanea represent a truly
exceptional combination."
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a
full-service investment banking firm with offices in Los Angeles, New
York, San Francisco, Boston, Houston and Minneapolis. The firm currently
employs over 170 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.
About Castanea
Castanea Partners is a private equity firm that invests in small and middle
market companies in education, information, marketing services, consumer
brands, and specialty retail. The firm has extensive operating and private
equity investment experience in these sectors and, working closely with
management, seeks to optimize business performance and realize attractive
returns. Castanea participates in leveraged buyouts, growth and acquisition
equity investments, and operationally challenging situations. The firm is
currently investing from its third fund, a $575 million fund that targets
companies with enterprise values up to $250 million.
For more information regarding Imperial Capital or this transaction, please
contact: