SAN FRANCISCO, Oct. 7 /PRNewswire/ — Partnership Capital Growth, a full-service, merchant bank that focuses exclusively on the healthy, active and sustainable living marketplace, today announced that David Thibodeau has joined the firm to co-manage a third Partnership Capital Growth fund focused on wellness. Mr. Thibodeau and Partnership Capital Growth managing partner and founder Brent Knudsen will be co-managing partners of the new fund, which will continue the firm's exclusive investment focus on companies providing consumer-oriented wellness products and services. Mr. Thibodeau will also establish an East Coast office for Partnership Capital Growth in Boston.
"David's track record of facilitating landmark transactions in the wellness sector on behalf of the likes of Metagenics, EAS and ZonePerfect Nutrition sets him apart in the industry," said Mr. Knudsen. "Having followed David's transaction work over the last decade, I have watched him nimbly create a very strong transaction record and establish himself as one of leading financial advisors in the health, wellness and lifestyle sector. David and I worked closely on the EAS transaction and I witnessed firsthand his deep understanding of this sector and his ability to create value for shareholders. We're pleased David has joined Partnership Capital Growth to co-manage our wellness fund which will address some of the most fundamental issues affecting society today from obesity to chronic diseases to aging."
"Joining forces with Brent and his team of experts in health and wellness represents a truly unique opportunity to build the most focused, experienced and tailored wellness fund in the industry," said Mr. Thibodeau. "I'm thrilled to combine my background with Brent's career of founding, buying, building, advising and selling healthy, active and sustainable living companies. Together we will provide investors and entrepreneurs with unrivaled expertise in this $250 billion growing market and unique opportunities to participate in life changing wellness solutions."
Mr. Thibodeau brings 30 years of corporate development, finance and operating experience with wellness related companies to the partnership. Prior to joining Partnership Capital Growth, Mr. Thibodeau was managing director and head of the Health, Wellness & Lifestyle investment banking group at Canaccord Genuity since 2000.
Mr. Thibodeau's transaction expertise includes such notable healthy living deals as Martek Bioscience's purchase of Amerifit Nutrition; Garden of Life's sale to Atrium Innovations; Metagenics Inc.'s joint venture with Alticor; Imagine Foods sale to Hain Celestial; EAS Inc.'s sale to Abbott Laboratories; ZonePerfect Nutrition Co's sale to Abbott Laboratories; and SunPure, Inc.'s sale to Kerry Group PLC.
Prior to Canaccord Genuity, Mr. Thibodeau worked for Wellfleet Capital Partners providing merger and acquisition and private placement advisory service to companies. Earlier in his career just after leaving the commercial loan group at Comerica Bank, Mr. Thibodeau co-founded and sold a rustic furniture mail-order business and a natural/specialty food company. Following the sale of his businesses, he started Boston Bay Management, a corporate development firm focusing on domestic and international companies in the natural/specialty food and beverage industry. Mr. Thibodeau earned a B.S. in Business Administration from Babson College.
About Partnership Capital Growth
Partnership Capital Growth is a San Francisco-based merchant bank that provides full-service merger and acquisition, financing and advisory services to middle market companies as well as private equity capital through its funds. The firm focuses exclusively on consumer products and services in the areas of healthy, active and sustainable living. Partnership Capital Growth is headquartered in San Francisco with offices in Boston. For more information visit www.pcg-advisors.com.