July 17, 2017, DALLAS, TX – Allegiance Capital Corporation, a Dallas-based private M&A investment bank, announced today that it had exclusively represented RiceBran Technologies (NASDAQ: RIBT and RIBTW) (“RBT”) of Sacramento, Calif.,  in the July 14 sale of Healthy Natural, Inc. (“H&N”) to an affiliate of Rosewood Private Investments.

H&N, an Irving, Texas-based contract manufacturing and packaging company of healthy and natural products, had operated as a wholly-owned subsidiary of RiceBran Technologies. Rosewood Private Investments is based in Dallas.

“It was a distinct pleasure to serve as the exclusive financial advisor on this transaction and to work with RBT management to close the strategic sale of H&N,” said Derek Woodworth, managing director at Allegiance Capital. “We were able to source the best possible buyer in Rosewood and collectively close the sale in 30 days, which was impressive given the complexity of the deal.”

In RBT’s announcement of the transaction, Chief Executive Officer Robert Smith said: “We are pleased to have completed the sale of Healthy Natural as part of our plan to improve shareholder value creation by focusing on RBT’s ingredients business. We were also pleased to sell the business to an established and successful industry participant like Rosewood, whose success in this segment should well serve the Healthy Natural customer base.”

RBT announced it was paid $18.3 million for H&N, which it used to eliminate senior and subordinated debt and improve operating liquidity.

About Allegiance Capital Corporation

Allegiance Capital Corporation is a premier M&A investment bank headquartered in Dallas, Texas, that provides a broad mix of M&A and financial advisory services including: buy/sell side assignments, minority/majority equity buyouts, leveraged buyouts/recaps, debt restructuring, senior/mezzanine debt and other advisory services including valuations and fairness opinions.  Allegiance Capital has offices in Dallas, Chicago and Monterrey, Mexico, and has extensive global reach and capabilities as a member of international partner organization, Globalscope.

About RiceBran Technologies

RiceBran Technologies is a food and animal feed ingredient company focused on the procurement, bio-refining and marketing of numerous products derived from rice bran. RiceBran Technologies has proprietary and patented intellectual property that allows us to convert rice bran, one of the world’s most underutilized food sources, into a number of highly nutritious food and feed ingredient products. Our global target markets are food and feed manufacturers and retailers, as well as specialty food, functional food and nutritional supplement manufacturers and retailers. More information can be found in the Company’s filings with the SEC and by visiting our website at http://www.ricebrantech.com.

Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a family-backed yet institutional firm with diverse worldwide operations and investments.  Rosewood is wholly owned by the Caroline Hunt Trust Estate, which was established in 1935 by H.L. Hunt and built upon over generations by developing and acquiring businesses that are leaders in their respective industries.  Rosewood’s structure and history enable the firm to be a unique resource and flexible investment partner. As an evergreen entity, Rosewood is continually seeking to invest capital in companies that share a commitment to entrepreneurism, integrity and sound business principles.  While a generalist investor, Rosewood has a particular focus in the nutrition and wellness, aerospace, manufacturing technologies and environmental services sectors.


About the Author


Derek Woodworth
Managing Director
Phone: (214) 217-7720
Email: dwoodworth@allcapcorp.com