Lowenstein Sandler represented NexPhase Capital, LP (NexPhase), an operationally focused, independent private equity firm, in its investment in Popcornopolis, LLC, a leading manufacturer of premium-quality, ready-to-eat popcorn. Terms of the transaction were not disclosed.
Popcornopolis manufactures and markets a diverse portfolio of indulgent flavors, creating an experiential and easily recognized brand through its iconic cone packaging and omni-channel distribution strategy, which consists of direct-to-consumer mediums and entertainment venues in addition to traditional club, convenience, food, drug, and mass retailers. The company has always manufactured all of its products in its own facilities.
The NexPhase consumer team focuses on investing in branded CPG companies, including Zing Zang, the fastest-growing and leading nonalcoholic cocktail mix brand in the United States. By leveraging NexPhase’s deep-rooted knowledge in scaling consumer packaged goods brands, the partnership is expected to propel Popcornopolis’ continued growth.
The Lowenstein Sandler team included Christopher C. Henry, Michael Walutes, Matt Savare, Vanessa A. Ignacio, Julie Levinson Werner, James C. Shehan, Eric Jesse, Sabrina Cua, Bryan Sterba, Megan Monson, and Lauren M. Troeller.