NexPhase Capital, a thematically driven and operationally focused private equity firm, has sold non-alcoholic cocktail mix brand Zing Zang to Mizkan America. Terms of the transaction were not disclosed.
Founded in 1997 and headquartered in Chicago, Zing Zang, known for its premium ingredients and loyal consumer base, offers a wide variety of cocktail mixers, including Bloody Mary, Margarita, Michelada and Piña Colada.
Zing Zang products are sold nationwide through a distribution network that today reaches more than 300,000 points of sale across both retail and foodservice channels.
Since NexPhase’s acquisition of Zing Zang in 2016, the Company has evolved from a regionally focused, single-product company into a diversified category leader.
Under NexPhase’s ownership, Zing Zang invested in a dedicated in-house sales team, established a new distribution network and launched new packaging formats in an effort to expand usage occasions, improve margins and reduce environmental impact.
During NexPhase’s ownership, Zing Zang expanded its offerings from its original Bloody Mary mix to a full range of premium cocktail mixes, including its “AMAZING” product line.
Jefferies served as exclusive financial advisor to Zing Zang and Choate, Hall & Stewart served as legal advisor. Spayne Lindsay & Co served as financial advisor to Mizkan and Latimer LeVay Fyock served as legal advisor.
