Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering.
About
Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT), a portfolio company of MidOcean Partners, recently completed an initial public offering of 11,979,167 shares of common stock at a price of $15.00 per share, generating gross proceeds of approximately $179.7 million. The Company intends to use the net proceeds from the offering to repay existing indebtedness, to support growth primarily through installing new Freshpet Fridges and adding manufacturing capacity, and for working capital and general corporate purposes.Freshpet manufactures and markets natural fresh foods, refrigerated meals and treats for dogs and cats. The Company positions its brand to benefit from mainstream trends of growing pet humanization and consumer focus on health and wellness. Freshpet distributes its products through grocery, mass, club, pet specialty and natural retail classes. Freshpet is headquartered in Secaucus, New Jersey.
For additional information about this transaction, please contact:
- Date
- November 2014
- Company
- Freshpet, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Location
- North America
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