Houlihan Lokey Advises Only What You Need

Houlihan Lokey’s Consumer, Food & Retail Group is pleased to announce that Only What You Need (OWYN), a portfolio company of Purchase Capital, has been acquired by The Simply Good Foods Company (NASDAQ:SMPL). The transaction closed on June 13, 2024.

This deal represents another successful transaction for Houlihan Lokey in the food and beverage industry.

OWYN is a nutrition company that unites great taste and ingredient transparency. All OWYN products contain clean, premium ingredients with zero artificial ingredients. OWYN currently offers plant protein in five varieties, including Original 20g Protein Shakes, Pro Elite 32g Protein Shakes, Complete Nutrition Shakes, Protein Powders, and Doubleshot Protein Coffee Shakes. OWYN is a portfolio company of Purchase Capital, an investment firm that provides patient capital for private and public companies that have significant potential for long-term value creation.

The Simply Good Foods Company, headquartered in Denver, Colorado, is a consumer-packaged food and beverage company that is bringing nutritious snacking mainstream, with ambitious goals to raise the bar on what food can be with trusted brands and innovative products. The Simply Good Foods Company product portfolio consists primarily of protein bars, ready-to-drink shakes, sweet and salty snacks, and confectionery products marketed under the Atkins™ and Quest™ brands. The Simply Good Foods Company aims to lead the nutritious snacking movement and is poised to expand its healthy lifestyle platform through innovation, organic growth, and investment opportunities in the snacking space.

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