FoodScience Acquired by Morgan Stanley Capital Partners
Deal News | Nov 19, 2024 | Morgan Stanley (MSCP)
Morgan Stanley Capital Partners (MSCP), a division of Morgan Stanley Investment Management focused on middle-market private equity, announced it has acquired FoodScience, a Vermont-based company specializing in pet and human nutritional supplements, from Wind Point Partners. This acquisition marks MSCP's third investment in the pet and animal health sector, following previous successful exits. FoodScience, known for its VetriScience, DaVinci, and Pet Naturals brands, continues under the leadership of Sharon Rossi as CEO. The acquisition aligns with MSCP's strategy of leveraging its network to foster both organic growth and M&A-driven expansion in the nutritional supplements market. Legal counseling for the deal was provided by Jones Day, with William Blair acting as the financial advisor.
Sectors
- Private Equity
- Nutritional Supplements
- Pet and Animal Health
Geography
- United States – FoodScience is headquartered in Vermont, and MSCP operates primarily in North America; hence, the geographic focus is the United States.
Industry
- Private Equity – The acquisition of FoodScience by Morgan Stanley Capital Partners represents activity within the private equity industry.
- Nutritional Supplements – FoodScience operates within the nutritional supplements industry, providing products for both pets and humans.
- Pet and Animal Health – The acquisition is significant in the pet and animal health sector, which is a focus area for MSCP's investment strategy.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Morgan Stanley Capital Partners | Acquirer | Company | A middle-market private equity platform part of Morgan Stanley Investment Management. |
| FoodScience | Target | Company | A leading provider of pet and human nutritional supplements located in Vermont. |
| Wind Point Partners | Vendor | Company | The private equity firm selling FoodScience to MSCP. |
| Sharon Rossi | Chief Executive Officer | Person | CEO of FoodScience, continuing in her role post-acquisition. |
| Jones Day | Legal Advisor | Company | Legal counsel for Morgan Stanley Capital Partners in the acquisition. |
| William Blair | Financial Advisor | Company | Provided exclusive financial advisory services to MSCP for the acquisition. |