Highlighted Transactions



Good Karma Foods, Inc.

A portfolio company of 2X Consumer Products Growth Partners

Good Karma Foods, Inc. received an equity investment from Dean Company (NYSE: DF, "Dean Foods"), and the parties entered a distribution agreement that enables Good Karma to leverage Dean Foods' expansive national sales and refrigerated distribution footprint in the U.S.

Piper Jaffray served as exclusive financial advisor to Good Karma.

Client Description

Based in Boulder, Colorado, Good Karma is dedicated to making plant-based, dairy alternative food and beverage products that deliver a mighty bundle of nutrition along with surprisingly good taste and texture. In 2012, Good Karma was the first company to create a flax-based milk alternative, introducing a dairy alternative that was free of all major allergens, and also delivered on nutrition, taste and texture. Since then, the company has launched flaxmilks with added protein, probiotic drinkable yogurts and dairy free yogurt cups.

Counterparty Description

Based in Boulder, Colorado, Dean Foods is a leading food and beverage company and the largest processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the U.S. Headquartered in Dallas, Texas, the Dean Foods portfolio includes DairyPure®, the country's first and largest fresh, white milk national brand, and TruMoo®, the leading national flavored milk brand, along with well-known regional dairy brands such as Alta Dena®, Berkeley Farms®, Country Fresh®, Dean's®, Friendly's®, Garelick Farms®, LAND O LAKES®* milk and cultured products*, Lehigh Valley Dairy Farms®, Mayfield®, McArthur®, Meadow Gold®, Oak Farms®, PET®**, T.G. Lee®, Tuscan® and more. Dean Foods also has a joint venture with Organic Valley®, distributing fresh organic products to local retailers. In all, Dean Foods has more than 50 national, regional and local dairy brands as well as private labels. Dean Foods also makes and distributes ice cream, cultured products, juices, teas and bottled water. Almost 17,000 employees across the country work every day to make Dean Foods the most admired and trusted provider of wholesome, great-tasting dairy products at every occasion.

*The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license.

**PET is a trademark of Eagle Family Foods Group LLC, under license.