HPH II Investments Master Fund, LP.’s Acquisition of Ultima Health Products, Inc.

Carter Ledyard advised Ultima Health Products, Inc. on the deal

ltima Health Products, Inc. (“Ultima”) was acquired on July 1, 2019 by HPH II Investments Master Fund, LP., a private equity fund managed by WM Partners. Terms of the transaction were not disclosed. No financial advisor served on the transaction.

Ultima, www.ultimareplenisher.com, is a provider of sugar-free electrolyte hydration products based in Cortland, Ohio. Ultima’s products are “on trend” with natural, no sugar and non-GMO ingredients, appealing to serious athletes along with the general health conscious consumer, including children and seniors, active lifestyle, yogis, and paleo and keto diet consumers. Ultima sells its products through distributors, retail chains, and various e-commerce platforms, with a strong presence in the natural & specialty channel and a significantly growing presence in the e-commerce channel.

WM Partners is a Ft. Lauderdale-based private equity firm focused on investing in lower-middle market companies in the health and wellness sector. Akerman LLP served as legal advisor for WM Partners.

CLM represented Ultima in the transaction.

The M&A team was led by David Karabell (Picture) and Mary Winchurch Brown, assisted by Caitlin Harrison and Anup Khatri and working with Mary Joan Hoene and Jeff Boxer, Ultima’s regular lawyers at CLM. Jennifer MacDonald and Patricia Matzye provided tax, ERISA and employee benefits advice.

Involved fees earner: Jeffrey Boxer – Carter Ledyard & Milburn Llp; Caitlin Dey Harrison – Carter Ledyard & Milburn Llp; Mary Joan Hoene – Carter Ledyard & Milburn Llp; David Karabell – Carter Ledyard & Milburn Llp; Anup Khatri – Carter Ledyard & Milburn Llp; Jennifer MacDonald – Carter Ledyard & Milburn Llp; Patricia Matzye – Carter Ledyard & Milburn Llp; Mary Winchurch Brown – Carter Ledyard & Milburn Llp;

Law Firms: Carter Ledyard & Milburn Llp;

Clients: Ultima Health Products Inc;

Author: Ambrogio Visconti