L Catterton Acquires Kodiak Cakes
May 25, 2021
L Catterton, the global consumer-focused private equity firm, has acquired Kodiak Cakes, a Park City, Utah–based better-for-you food brand known for whole-grain pancake/waffle mixes, frozen breakfast products, oatmeal and snacks. Existing shareholders — including Sunrise Strategic Partners, Trilantic North America, and the company's founders and management — retain a meaningful minority stake; terms were not disclosed.
- Buyers
- L Catterton
- Targets
- Kodiak Cakes
- Sellers
- Sunrise Strategic Partners, Trilantic North America, Founders and management team
- Industry
- Food & Beverage
- Location
- Utah, United States
- Transaction Type
- Buyout
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