{"id":38495,"date":"2009-11-09T09:10:43","date_gmt":"2009-11-09T14:10:43","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55069"},"modified":"2009-11-09T09:10:43","modified_gmt":"2009-11-09T14:10:43","slug":"milestone-partners-recaps-good-health-natural-products","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/38495","title":{"rendered":"Milestone Partners Recaps Good Health Natural Products"},"content":{"rendered":"

Milestone Partners<\/strong> has completed a refinancing of portfolio company Good Health Natural Products<\/strong>, a Greensboro, N.C.-based maker of branded reduced-fat salty snack foods. No financial terms were disclosed for the deal, which included participation by Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund.<\/p>\n

PRESS RELEASE<\/span><\/strong><\/p>\n

Milestone Partners is pleased to announce that it recently completed a refinancing of Good Health Natural Products with Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund.<\/p>\n

Milestone acquired a controlling interest in Good Health Natural Products in 2004 and was approaching the maturity date for its acquisition debt. Fortunately, during its holding period the Company continued to diversify its product portfolio and distribution channels and is well-positioned to capitalize on the current
\nindustry dynamics. The refinancing was supported by strong performance and growth in Good Health\u2019s
\nbranded product lines, particularly its Veggie Stix\u00ae, Avocado Oil Potato Chips\u00ae, HUMBLES\u00ae (hummus)
\nchips and South of France\u00ae soaps.<\/p>\n

\u201cGiven the current state of the economy and credit markets we are very proud to have been able to repay all
\nof Good Health\u2019s initial lenders in full and to have found high quality partners to replace them,\u201d said Adam
\nCurtin of Milestone Partners.<\/p>\n

\u201cWe are thrilled to have Salem Halifax and Morgan Keegan as our new lending partners. Their long term capital strengthens our balance sheet and helps reposition the Company for its next phase of growth,\u201d commented Mark Gillis, CEO of Good Health.<\/p>\n

Good Health Natural Products (www.goodhealthnaturalfoods.com<\/a>) is a leading producer of branded
\nnatural and organic consumer products with a focus on reduced-fat salty snack foods. Good Health\u2019s
\nproducts include Olive Oil Potato Chips\u00ae, Veggie Stix\u00ae and Avocado Oil Potato Chips\u00ae. In addition to
\nnatural and organic foods, Good Health produces the South of France\u00ae line of specialty hand and body soaps
\nand lotions. The Company is based in Greensboro, North Carolina and distributes its products nationally
\nthrough natural food distributors, grocery stores, mass market retailers and other specialty food channels.<\/p>\n

Milestone Partners (www.milestonepartners.com<\/a>) is a private equity firm that partners with management to
\ninvest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues
\nsuccessful niche-market leaders that provide high-margin products or services. Milestone\u2019s transactions
\ntypically provide liquidity to shareholders of privately-owned businesses, facilitate the transition of
\nownership to key managers, and allow management to capitalize on growth opportunities, while maintaining
\nthe legacy of the founders. Milestone is currently making follow-on and add-on investments through
\nMilestone Partners II, L.P., a $120 million fund, and is making new platform investments through Milestone
\nPartners III, L.P., a $240 million fund.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Milestone Partners has completed a refinancing of portfolio company Good Health Natural Products, a Greensboro, N.C.-based maker of branded reduced-fat salty snack foods. No financial terms were disclosed for the deal, which included participation by Salem Halifax Capital Partners and the Morgan Keegan Strategic Fund. PRESS RELEASE Milestone Partners is pleased to announce that it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38495","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=38495"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38495\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=38495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=38495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=38495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}