Deal Details
Freshpet Completes $179 Million Follow-On Offering
Summary
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.
Baird served as a co-manager on this offering.
About
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.CONTACT US TO LEARN MORE
- Date
- November 2014
- Company
- Freshpet, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Consumer
- Target Geography
- North America
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