Burlington, MA, November 22, 2016 – Earlier today, PepsiCo announced that it is acquiring healthy beverage company KeVita, Inc.
“This transaction never would have happened without Whipstitch Capital’s Michael Burgmaier and Nick McCoy, who have been working directly with KeVita since 2011. The pair made the initial introduction to Pepsi, structured and negotiated KeVita’s 2013 transaction with Pepsi and have continued to advise KeVita through the ultimate strategic sale brilliantly,” said Bill Moses, CEO of KeVita, Inc.
“It has been an honor working with Bill Moses and his team at KeVita. Bill led a fast-growing, but small single digit million-dollar business when Nick and I started working with the Company. We helped top off a small convertible note round in 2012, identified and brought in KarpReilly in 2012, SPK Capital in 2014, and advised on the Pepsi transaction as well. Today Bill still leads a fast-growing company, but with heft, scale and extreme professionalism. KeVita’s products are outstanding,” said Michael Burgmaier, Managing Director and Co-Founder of Whipstitch Capital.
Added Whipstitch Capital Managing Director and Co-Founder Nick McCoy, “Mike and I also wanted to thank Chris Lansing, GM of North America Premium Nutrition and Venturing at PepsiCo., and Jerome Metivier, Division CFO at North America Premium Nutrition at PepsiCo as well. The transactions we helped conclude between Pepsi and KeVita were complicated and in-depth. Chris and her team were fantastic and the partnership that ensued over the past few years between the two companies culminated as it should; this is a great next-stage for KeVita and PepsiCo.”
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