CW Q3 2026 Health and Wellness M&A and Financing Report

This report is prepared as a courtesy to the Health and Wellness business community by Columbia West based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors.

M&A - Strategic

7/6/2026 Country Life, LLC acquired Aura Cacia® from Frontier Natural Products Co-op Inc. The terms of the transaction were not disclosed. Aura Cacia specializes in essential oils, skincare and aromatherapy products crafted from simple, pure botanical ingredients and is based in Norway, IA. Country Life manufactures and sells vitamins and dietary supplements and is based in Hauppauge, NY. Frontier produces, markets, and sells natural and organic products for wholesale customers under the Frontier Co-op, Simply Organic, and Aura Cacia brands, and is based in Norway, IA.

7/22/2026 The Vita Coco Company, Inc. (NasdaqGS:COCO) acquired Copra, Inc. for $275.5 million. Copra engages in the sourcing, manufacturing, and distribution of coconut-based ingredients, such as coconut water, organic coconut meat, coconut nectar, and coconut aminos, and is based in New York, NY. Vita Coco develops, manufactures, markets, and distributes coconut water products and is based in New York, NY. Cooley LLP served as legal advisor to Copra.

8/12/2026 WB Blends announced a strategic partnership with Yellow Emperor. The terms of the transaction were not disclosed. Yellow is a custom liquid dietary supplement manufacturer based in Eugene, OR. WB Blends, a division of Western Botanicals, is a custom dietary supplement manufacturer based in Spanish Fork, UT.

9/16/2026 Cerebelly Inc. acquired Fresh Bellies, Inc. The terms of the transaction were not disclosed. Fresh provides plant-based, freeze-dried toddler and kids snacks made with clean ingredients and no added sugar and is based in New York, NY. Cerebelly manufactures and retails organic baby food and children’s snack products and is based in Erie, CO.

M&A - Financial

8/5/2026 Frontenac Company LLC acquired NutriScience Innovations, LLC. The terms of the transaction were not disclosed. NutriScience manufactures and sells ingredients for the dietary supplement, nutraceutical, functional food and beverage, animal health, and personal care industries and is based in Milford, CT. Frontenac is a private equity firm based in Chicago, IL. Winston Taylor served as legal advisor to Frontenac.

8/31/2026 Midwest Growth Partners, LLLP acquired Brazi Bites, LLC. The terms of the transaction were not disclosed. Brazi manufactures and markets gluten-free, Brazilian-inspired frozen foods, including cheese bread made with tapioca flour and a line of protein waffles, and is based in Portland, OR. Midwest Growth is a private equity firm based in West Des Moines, IA. Cooley LLP served as legal advisor to Brazi. Faegre Drinker Biddle & Reath LLP served as legal advisor to Midwest.

Private Placements

7/14/2026 IM8 (US) LLC announced that it has received $1.0 billion in a round of funding that included participation from new lender Customer Value Fund, a fund managed by General Catalyst Group Management, LLC. IM8 produces a supplement-infused drink mix offering daily energy, better digestion, better sleep, and multiple clinically dosed ingredients, and is based in Charlotte, NC. General Catalyst is a private equity and venture capital firm based in San Francisco, CA.

7/22/2026 Plantopia announced that it has received $9.0 million in a round of funding co-led by new investors Schreiber Foods Inc. and Siddhi Capital, LLC with participation from Arkin Capital, Fresh Start FoodTech Incubator, and other investors. Plantopia develops molecular farming technology to produce casein proteins and other functional proteins through plant-based production processes and is based in Caesarea, Israel. Schreiber produces and supplies dairy products and is based in Green Bay, WI. Siddhi is a private equity firm based in New York, NY. Arkin is a private equity and venture capital firm based in Herzliya, Israel. Fresh Start is an incubator and venture capital firm based in Kiryat Shmona, Israel.

7/29/2026 RFI Ingredients announced that it has received $35.0 million in a round of funding from Astanor Ventures, La Maison Partners, and Aurae. RFI develops and manufactures ingredients and custom formulations for the dietary supplement, functional food, and beverage industries and is based in Orangeburg, NY. Astanor is a global impact investment firm based in Brussels, Belgium. La Maison is a private equity and venture capital firm based in Paris, France. Aurae is a family-owned impact investment fund based in Paris, France. K&L Gates LLP served as legal advisor to Astanor.

8/11/2026 Cymbiotika, LLC announced that it has raised a round of funding that included participation from Alix Earle. Cymbiotika manufactures and sells anti-aging supplements, such as vitamins, probiotics, glutathione, and molecular hydrogen, and is based in San Diego, CA. Alix Earle is a global social media personality, entrepreneur, and founder of dermatologist-developed skincare line Reale Actives.

8/31/2026 Medici Brands, the parent company of David Protein and newly launched confectionery brand HallPass, announced its $250.0 million Series B financing co-led by Greenoaks and Valor Equity Partners, with participation from Medici’s CEO Peter Rahal, ICONIQ, and Imaginary Ventures. David manufactures and sells high-protein food products, such as protein bars, shakes, and protein ice cream pints, and is based in New York, NY. Greenoaks is a private equity and venture capital firm based in San Francisco, CA. Valor is a private equity and venture capital firm based in Chicago, IL. ICONIQ is a privately owned investment manager based in San Francisco, CA. Imaginary is a venture capital firm based in New York, NY.

9/10/2026 South 40 Snacks, Inc. announced that it has raised $6.0 million in a round of funding from a group of undisclosed investors. South 40 produces gluten-free, non-GMO, plant-based nut and fruit bars and other snacks and is based in Seattle, WA.

9/16/2026 Hall of Fame quarterback Troy Aikman acquired an unknown stake in Qualia Life Sciences LLC. Qualia manufactures and sells supplements that support brain health, cellular health, NAD+ levels, and an expanding range of health needs, and is based in Carlsbad, CA.

9/22/2026 The Bird and Be Co., Inc., dba Bird&Be, announced that it has raised $13.0 million in a round of funding led by BDC Capital’s Thrive Venture Fund and BFG Partners with participation from BAM Ventures and other investors. Bird&Be is a fertility and wellness brand providing supplements and at-home tests for both partners and is based in Toronto, ON. BDC is the investment arm of the Business Development Bank of Canada and is based in Montreal, QC. BFG is a private equity and venture capital firm based in Boulder, CO. BAM is a venture capital firm based in Los Angeles, CA.