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northwoodventures.com

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Investments

113

Portfolio Exits

27

Funds

2

About Northwood Ventures

Northwood Ventures is a venture capital firm and buyout investor. Northwood Ventures focuses on companies in the consumer, communications, and manufacturing industries.

Northwood Ventures Headquarters Location

485 Underhill Boulevard

Syosset, New York, 11791,

United States

516-364-5544

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Latest Northwood Ventures News

CDPQ acquires minority stake in Northwood Ventures backed Zevia for US $200M

Dec 21, 2020

On: CPE News (12/21/2020) – Caisse de dépôt et placement du Québec (CDPQ) has made a US $200 million minority investment in Zevia, LLC, a Los Angeles, California based beverage company offering a portfolio of zero calorie, naturally sweetened beverages in the United States and Canada. The investment includes primary capital and secondary purchase. The primary capital will enable Zevia to pursue its global expansion strategy. Led since 2010 by CEO Paddy Spence, Zevia has carved out a unique space in its industry. Zevia has grown its market share over time to become the market leader in the zero calorie, naturally sweetened beverage segment, with national distribution in over 35,000 retail locations across the United States and Canada. In 2010, Spence and Northwood Ventures acquired Zevia for its founders Derek Newman, Jessica Newman and Ian Eisenberg. photo credit: Zevia Private Equity Montréal and Los Angeles, December 21, 2020 Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announced today the closing of a USD 200-million minority investment in Zevia, LLC (Zevia), a U.S. beverage company offering a portfolio of zero calorie, naturally sweetened beverages in the United States and Canada. CDPQ’s investment includes primary capital which will be used by Zevia, one of the leading and fastest growing beverage companies in North America, to pursue its global expansion strategy. Led since 2010 by Paddy Spence, Zevia’s CEO, the brand has carved out a unique space in its industry. With a vision to create alternatives to conventional sugary and artificially sweetened beverages, Zevia has grown its market share over time to become the market leader in the zero calorie, naturally sweetened beverage segment, with national distribution in over 35,000 retail locations across the United States and Canada. As part of the transaction, Zevia selected CDPQ to support its next development phase – citing CDPQ’s solid expertise in asset management, global reach and strong commitment to environmental, social and governance (ESG) values. “Zevia’s line of zero sugar, naturally sweetened beverages has resonated with shoppers across the US and Canada, and we’re excited to partner with CDPQ to accelerate our growth,” said Paddy Spence, CEO of Zevia. “Zevia is focused on making the world a better place through sustainable, affordable products that taste great and feature simple, plant-based ingredients – and we look forward to partnering with CDPQ, an investor which sees ESG matters as an opportunity to generate sustainable growth that benefits everyone.” “Zevia has enjoyed significant and consistent growth in recent years, firmly taking its place as an industry leader in North America,” said Martin Laguerre, recently appointed Executive Vice President and Head of Private Equity & Capital Solutions at CDPQ. “The company has an accomplished management team, which has fostered a culture of innovation and developed a loyal client base. Going forward, Zevia will be able to benefit from CDPQ’s ability to create value with our established network to maintain its impressive momentum.” With its culture aimed towards inclusion and innovation, Zevia received nine Comparably Awards in 2020, including for Best Professional Development, Best Leadership Teams, as well as Best CEO for Women and Diversity and Best CEO. Advisors Goldman Sachs & Co. LLC acted as financial advisor to CDPQ, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to CDPQ. BofA Securities, Inc. acted as exclusive placement agent, Wellvest Capital served as financial advisor, and Hogan Lovells acted as legal counsel to Zevia. ABOUT ZEVIA Zevia’s mission is to improve global public health by helping people reduce their sugar consumption. The company offers a broad portfolio of zero sugar, zero calorie, naturally sweetened “better for you” beverages that are refreshing and delicious, made with a handful of simple, plant-based ingredients. Zevia products include Sodas, Energy drinks, Organic Teas, Mixers, Sparkling Water, and the brand’s newest innovation, lightly fizzy Kidz drinks. All Zevia items are sweetened with the plant-based sweetener stevia, contain no artificial sweeteners or sugar, and are non-GMO Project Verified, gluten-free, kosher, vegan and free of color. Equally important to the company’s commitment to clean ingredients is its commitment to supporting communities and lifestyles dedicated to reducing sugar consumption. For more information about Zevia, visit www.Zevia.com or follow @Zevia on Instagram, Facebook and Twitter. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2020, it held CA$333.0 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. – 30 –

Northwood Ventures Investments

113 Investments

Northwood Ventures has made 113 investments. Their latest investment was in Songclip as part of their Series A on March 3, 2021.

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Northwood Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/9/2021

Series A

Songclip

$11M

Yes

17

7/25/2019

Series E

Zevia

$12M

No

1

3/7/2017

Seed VC

Gifnote

$5.88M

Yes

3

3/23/2015

Series D

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$99M

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10

3/16/2015

Seed VC

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$99M

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10

Date

3/9/2021

7/25/2019

3/7/2017

3/23/2015

3/16/2015

Round

Series A

Series E

Seed VC

Series D

Seed VC

Company

Songclip

Zevia

Gifnote

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Amount

$11M

$12M

$5.88M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

17

1

3

10

10

Northwood Ventures Portfolio Exits

27 Portfolio Exits

Northwood Ventures has 27 portfolio exits. Their latest portfolio exit was Zevia on July 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/22/2021

IPO

$99M

Public

1

5/27/2020

Asset Sale

$99M

2

8/9/2019

Acquired

$99M

1

6/21/2013

IPO

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$99M

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10

5/9/2013

IPO

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$99M

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10

Date

7/22/2021

5/27/2020

8/9/2019

6/21/2013

5/9/2013

Exit

IPO

Asset Sale

Acquired

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

2

1

10

10

Northwood Ventures Acquisitions

13 Acquisitions

Northwood Ventures acquired 13 companies. Their latest acquisition was MyCountry 96.1 on December 31, 2011.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/31/2011

$99M

Acq - Fin

1

12/31/2011

$99M

Acq - Fin

1

12/30/2009

$99M

Leveraged Buyout

1

10/31/2009

Private Equity

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$99M

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10

7/18/2006

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$99M

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0

Date

12/31/2011

12/31/2011

12/30/2009

10/31/2009

7/18/2006

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

Acq - Fin

Leveraged Buyout

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Sources

1

1

1

10

0

Northwood Ventures Fund History

2 Fund Histories

Northwood Ventures has 2 funds, including Northwood Capital Partners LLC.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/1994

Northwood Capital Partners LLC

UNKNOWN

Closed

1

12/1/1982

Northwood Ventures LLC

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$99M

10

Closing Date

12/31/1994

12/1/1982

Fund

Northwood Capital Partners LLC

Northwood Ventures LLC

Fund Type

UNKNOWN

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Status

Closed

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Amount

$99M

Sources

1

10

Northwood Ventures Team

4 Team Members

Northwood Ventures has 4 team members, including current Managing Partner, Peter G. Schiff.

Name

Work History

Title

Status

Peter G. Schiff

Warburg Pincus, and Chemical Financial Corporation

Managing Partner

Current

Paul Homer

Managing Director

Current

Jamie Schiff

Managing Director

Current

Teddy Schiff

Arel Capital, Mast Capital Partners, Oyster Capital Partners, and Lehman Brothers

Managing Director

Current

Name

Peter G. Schiff

Paul Homer

Jamie Schiff

Teddy Schiff

Work History

Warburg Pincus, and Chemical Financial Corporation

Arel Capital, Mast Capital Partners, Oyster Capital Partners, and Lehman Brothers

Title

Managing Partner

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

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