USA: Semcap to acquire minority stake in Aloha

Semcap, a growth equity company, has announced an investment of $68 million to take a significant minority stake in Aloha, a plant-based protein brand.

Aloha is described as an employee-owned and operated company offering high-protein, and low-sugar plant-based products. Semcap Food & Nutrition said it invested in food companies that support sustainable modern health and a better future for food.

“Semcap Food & Nutrition is an ideal partner”, said Aloha chairman & CEO Brad Charron. “With an impact-driven investment strategy, exemplified by successful partnerships with like-minded entrepreneurial brands such as Purely Elizabeth and Good Culture, SEMCAP completely aligns with our mission to make simple, nutritious food accessible to everyone, while using our business as a force for good. We look forward to many more multiples of profitable growth with their inclusion”.

Semcap partner Newcom added: “With a proven track record of remarkable digital growth and tremendous retail expansion opportunities ahead, our team recognized ALOHA’s incredible potential as a perfect addition to our portfolio. We look forward to tapping into the operational expertise within our platform and broader network to help ALOHA’s success in this next phase of execution”.

Source: Semcap