Health and Wellness


Peakstone’s Health & Wellness group is based in New York and focuses on “better for you” products and health-enhancing services spanning the spectrum from natural food & beverages to healthcare. The team is led by two industry veterans with significant domain expertise in their respective verticals. Anup Agarwal focuses on Healthcare (including medical devices, healthcare services and healthcare IT) while Stu Strumwasser concentrates on Consumer businesses (such as natural food & beverages, foodtech & bevtech, and green consumer products and services. (Bios below).

AnupAgarwal_small_color stu
Anup Agarwal
Managing Director, Health & Wellness
Office: 212-353-3270
Cell: (917) 256-9880
Stu Strumwasser
Managing Director, Health & Wellness
Office: 212-353-3270
Cell: 917-975-7994

Anup is a Managing Director at Peakstone, where he is responsible for transaction origination and execution as well as evaluation of principal investments, primarily in the Healthcare sector. Anup has completed over 30 transactions aggregating approximately $18 billion in transaction value for both US and emerging market clients.

Anup has advised both public and growth-oriented private companies on a number of strategic and financial transactions, including buy-side and sell-side M&A, capital raisings, leveraged buyouts, divestitures and recapitalizations. In addition to U.S. based companies and investors, Anup also has extensive relationships internationally specifically in Asia.

Previously, Anup worked in Lehman Brothers’ investment banking division. Anup also worked at Bear Stearns in New York in their investment banking division, as well as with the IL&FS Group in India. Anup received both a MS in Economics and BS in Engineering from BITS, Pilani, India and his MBA from the Darden School of Business at University of Virginia, where he was a Tayloe Murphy Scholar.

Stu is a Managing Director at Peakstone where he is responsible for transaction origination and execution with Consumer companies in the area of Health & Wellness. Stu began his career on Wall Street in 1990 at Paine Webber (now UBS AG).  He was also VP-Investments at Advest, Inc. & Director-Investments at Oppenheimer & Co.

In 2005, Stu founded Snow Beverages, a manufacturer of natural soda, which he ran as CEO for six years. At Snow, Stu personally raised millions in angel financing and acquired distribution in top retail chains and natural/specialty distributors.  In 2012, Stu founded Green Circle Capital Partners, a boutique investment bank focused on Health & Wellness.

A graduate of Cornell University, Stu has been a vegetarian since the age of fourteen and has observed the natural products industry evolve from a few small brands to an economic force creating a sea change in consumer health and eating habits. Stu is also a writer whose first novel, “The Organ Broker,” was published in 2015 and named one of five finalists for the Hammett Prize for literary excellence in crime writing.

– Medical Devices
Healthcare Services
Healthcare IT
Nutraceuticals & Supplements
OTC Pharma
– Natural food & beverages
Foodtech & bevtech
Nutraceuticals & supplements
Green Cons. products & services
Healthy restaurants

Preferred Vendors:

The Peakstone Health & Wellness group maintains a robust network of preferred vendors, many of whom we have longstanding relationships with, which we occasionally refer to companies. These are leading vendors in the natural products and other industries in areas such as sales & distribution, marketing, operations, professional services, and beyond.

Industry Advisors to the Health & Wellness Group:

Michael A Caso: Managing Partner, Omni Healthcare Communications, Healthcare
Shu de Jong:         Founder & CEO, Midnight Solutions, Restaurants/On-Premise Distribution
Mary Fisher:              President & CEO, Colorscience, Health and Beauty
Michael Schmitt:           VP Al-Deera Holdings USA/VP Legendary Brands Advisors, Restaurants & Cleantech
Eric Skae:                Managing Partner, The Bricktown Group, Natural Food and Beverages
Hal Woodyard:      Founder & Managing Partner, Vision Partners Services, Food Industry