Transaction Reflects Growing Trend of Consolidation by Major Pet Consumer Packaged Goods Companies
SEATTLE, WA, (Marketwired via COMTEX) — Cascadia Capital, a diversified, boutique investment bank today announced its Consumer Practice advised Zuke’s, LLC (d/b/a Zuke’s) on its sale to Nestle Purina PetCare Company, a subsidiary of Nestle S.A. which closed in late 2013. The transaction reflects increasing interest by major pet product manufacturers in acquiring independent brands that reach a premium customer through the pet specialty channel.
Cascadia’s representation of Zuke’s is the latest in a line of advisory assignments for the firm in the pet industry. The firm has closed three transactions involving pet companies in the last twelve months and has several active engagements in the space.
Cascadia Capital, a diversified investment bank serving both private and public growth companies around the globe and in the Pacific Northwest, today announced it advised Emdat, Inc., based in Madison, Wisconsin, in its recent acquisition by Nuance Communications, Inc. (NasdaqGS:NUAN). Details of the Emdat transaction were not disclosed.
Emdat is a leading provider of medical documentation software, allowing healthcare organizations to protect or increase physician productivity, while also meeting “meaningful use” of electronic health records (“EHRs”) as established by the 2009 Health Information Technology for Economic and Clinical Health Act. Emdat’s Software-as-a-Service (SaaS) solution makes EHR adoption easier by mirroring medical documentation workflow and automating the process of converting physician-dictated audio into accurate, fully-formatted digital documents ready for integration with a patient’s EHR. Emdat, founded in 1999, today serves more than 2,500 medical facilities throughout the United States and a network of over 210 documentation service companies around the globe.
The Emdat transaction was Cascadia’s fifth deal closed over the past twelve months in the sector the firm calls “Solutions for Professional Verticals,” which focuses on technology companies serving professionals within the legal, compliance /education, healthcare, and finance, tax & accounting verticals.
Intapp, Inc., provider of the most adopted information security, time capture and application integration software products for the legal industry, today announced that it has taken a significant investment from Great Hill Partners, a Boston-based private equity firm focused on growth companies. Cascadia Capital served as Intapp’s financial advisor in the transaction.
What do running marathons like the Jan. 13 Chevron Houston Marathon and working in the oil and gas exploration and development have in common? Both require planning, stamina and the flexibility to respond to unforeseen conditions, according to people who work in the oil and gas industry.
Just like global exploration and production (E&P) efforts, particularly for unconventional oil and gas resources and deepwater, the number of people who run marathons worldwide has grown in recent years. Over 551,000 people completed a marathon in 2011, according to the marathon running statistic website statisticbrain.com.
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