Baird served as a co-manager on this offering.
AboutFreshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT), a portfolio company of MidOcean Partners, recently completed a follow-on offering of 6,110,353 shares of common stock at a price of $21.47 per share, generating gross proceeds of approximately $131.2 million. All of the shares offered were sold by selling shareholders. The Company will not receive any proceeds from the offering.
Freshpet is disrupting the North American pet food industry, which is an over $22 billion industry, by driving consumers to reassess conventional dog and cat food offerings that have remained essentially unchanged for decades. The Company positions its brand to benefit from mainstream trends of growing pet humanization and consumer focus on health and wellness. As of March 31, 2015, the Company had more than 14,019 installed Freshpet Fridges at leading blue-chip retail chains, representing 21% growth over the number as of March 31, 2014. Freshpet is headquartered in Secaucus, New Jersey.
For additional information about this transaction, please contact:
- April 2015
- Freshpet, Inc.
- Target Location
- North America