Pryor Cashman Represents Pergament in Brad’s Raw Foods Recapitalization and Change of Control
Pryor Cashman clients Arthur J. Pergament, CEO of Pergament Advisors, LLC, and Pergament LOHAS Fund, LLC, led an investor group in the recapitalization and change of control of Brad’s Raw Foods, effective January 28, 2015.
Brad’s Raw Foods, based in Pipersville, PA, is a raw snacks focused brand with products made from a combination of fresh vegetables, nutrient dense leafy greens, and sprouted nuts and seeds.
During the last two years, Pergament was a lender to Brad’s and in the transaction converted all of its debt into equity and invested additional capital to fund working capital as the company commences its next growth phase. The new leadership and financing provides Brad’s the opportunity to become the pre-eminent premium healthy snack food brand.
Pergament Advisors and Pergament LOHAS were represented by a team comprised of attorneys from Pryor Cashman’s Restaurant, Food and Beverage, Tax, Corporate and Banking & Finance Groups, including Partners Richard Frazer and Eric Woldenberg, and associates Preethy Kolachalam and Juliana Mellevold.
