February 10, 2014 15:24 ET

PrivCo Research Shows Private e-Cig Companies Inhaled by Big Tobacco

NEW YORK, NY--(Marketwired - Feb 10, 2014) - PrivCo's latest research using its proprietary database of M&A deals and VC fundings shows surging interest in e-Cigarettes. The US market for electronic cigarettes (also called e-cigs) is estimated to be worth $1 billion and is expected to grow at 80% in 2014. PrivCo research shows market leaders have already started to emerge.

Read the full PrivCo Report: Click Here

Recent M&A deals and VC fundings, as shown by PrivCo's proprietary industry search tools reveal major players placing their bets on e-Cig industry leaders. Two notable developments include: Altria's acquisition earlier this month of e-Cig manufacturer Green Smoke for $110 million, and North America's other market leader, NJoy, raised $75M in June in a funding round that included the Founders Fund and Sean Parker.

Further PrivCo research brings to light a number of likely Private Company acquisition targets. PrivCo's Top 5 e-Cig Private Company Acquisition Targets include:

  1. NJoy, Inc - The company raised $75 Million last June from Sean Parker (founder of Napster), Douglas Teitelbaum, and Founders Fund. NJoy is a leader in the US space, alongside Lorillard's blu.
  2. Logic Technology Development LLC - The Florida-based company does not have any announced VC backers but has already gained a strong foothold on the East Coast. Logic claims 600% revenue growth in 2012 alone.
  3. VMR Products, LLC (dba V2 Cigs) - V2 has a strong and growing distribution chain in place, claiming to be adding over 1,000 new locations weekly after previously distributing exclusively online.
  4. FIN Branding Group, LLC - FIN has already secured distribution agreements through Wal-Mart and 7-Eleven stores and has carved out its niche as a lifestyle brand.
  5. Johnson Creek - A manufacturer of both e-cigarettes and e-cigarette cartridges, Johnson Creek manufactures and distributes its products through its own e-commerce platform and through wholesale channels.

About PrivCo
PrivCo is the leading provider of private company financial data and independent research on over 237,000 private companies and 85,000 private company deal details, including private company mergers & acquisitions, private equity, venture capitals, LBOs, and IPOs. Topics: NJoy, PrivCo, electronic cigarettes, eCigs, Altria, FIN Branding, Big Tobacco, blu

Contact Information

    Media Contact:
    Sam Hamadeh, Esq., J.D., M.B.A.
    PrivCo Founder & CEO