Wholebake (Elysian Capital III) Acquires Deeside Cereals I Limited

Elysian Capital Acquires Majority Stake in Wholebake (Healthfull Holdings)

August 5, 2021

Food & Beverage

Elysian Capital III LP, in partnership with Wholebake management, has acquired a majority stake in Healthfull Holdings Group Limited (parent of Wholebake Limited) from Bridges Fund Management. The investment will support Wholebake's next growth phase—expanding its branded and own-label snack bar offerings and scaling its BRC AA-accredited manufacturing capability across its North Wales sites.

Brynwood Partners VIII L.P. Acquires De Wafelbakkers

April 5, 2021

Food & Beverage

Brynwood Partners VIII L.P. has acquired De Wafelbakkers from The Oklahoma Publishing Company (OPUBCO), a subsidiary of the Anschutz Corporation. The acquisition expands Brynwood's food and beverage manufacturing footprint and adds two production facilities and roughly 650 employees to its portfolio.

Bain Capital Acquires Dessert Holdings from Gryphon Investors

April 26, 2021

Food & Beverage

Bain Capital Private Equity has entered into a definitive agreement to acquire Dessert Holdings, a St. Paul–based premium dessert platform that includes The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. The acquisition from Gryphon Investors will support Dessert Holdings’ next stage of growth—pursuing product innovation, organic expansion and add-on opportunities—and is expected to close in Q2 2021 (debt financing led by Antares Capital).

Cerealto UK Acquires Hill Biscuits from LDC

July 31, 2024

Food & Beverage

Cerealto UK, a portfolio company backed by Davidson Kempner Capital Management and Afendis Capital Management, has acquired Hill Biscuits from LDC. Financial terms were not disclosed; Hill Biscuits, founded in 1855 and headquartered in Ashton-under-Lyne, Greater Manchester, employs about 350 people and more than doubled revenues to over £40m during LDC's seven-year partnership.

Graham Partners Acquires Commercial Bakeries Corporation

September 27, 2023

Food & Beverage

Graham Partners, a Philadelphia-based private equity firm, has acquired Commercial Bakeries Corporation, a Toronto-headquartered producer of private-label and co-manufactured cookies. The acquisition, sourced through Graham's Investment Theme Program, positions the firm to expand in private-label bakery manufacturing and supports a founder succession/exit from the company's former family owners.

Commercial Bakeries Corp. Acquires Imagine Baking, Inc.

May 17, 2024

Food & Beverage

Commercial Bakeries Corp., a portfolio company of Graham Partners, has acquired Imagine Baking, Inc., a Sandusky, Ohio-based maker of specialty crackers, cookies, biscuits and brittle focused on gluten-free, organic and better‑for‑you products. The purchase expands Commercial Bakeries' private‑label and co‑manufacturing capabilities in North America by adding Imagine Baking's 114,000+ sq. ft. production facility, segregated lines and R&D lab.