Platinum Equity and Butterfly Acquire Rise Baking Company

Rise Baking Company (Olympus Partners) Acquires Brill Inc.

August 13, 2021

Food & Beverage

Rise Baking Company, a platform backed by Olympus Partners, has acquired Brill Inc., a supplier of cakes, cookies, muffins, icings, glazes and toppings serving retail bakeries and foodservice operators across the United States. The deal is an add-on to Rise’s platform and expands its product portfolio and nationwide distribution footprint; the combined business will operate more than 15 facilities across North America. Baker & Baker Group is reported as the selling parent of Brill.

Rise Baking Company Acquires Two Pie Facilities from Wonder Brands and FGF Brands

December 5, 2023

Food & Beverage

Rise Baking Company, a Minneapolis-based portfolio company of Olympus Partners, has acquired two pie facilities (in Kent, Washington and Brampton, Ontario) from Wonder Brands Holdings Inc. and FGF Brands (USA) Inc. The acquisition expands Rise’s product offering into the pie category, increasing its North American footprint to 18 facilities and strengthening its service to retail and foodservice customers.

Platinum Equity Acquires Biscuit International

February 14, 2020

Food & Beverage

Platinum Equity has acquired Biscuit International, a leading European private-label sweet biscuit manufacturer headquartered in Paris. Biscuit International employs approximately 1,900 people, generated more than €500m in sales over the prior 12 months, and Platinum Equity intends to expand the company’s product offering and international reach through organic growth and add-on acquisitions.

Rise Baking Company Acquires Table Talk Pies

June 14, 2024

Food & Beverage

Rise Baking Company, a portfolio company of Olympus Partners, has acquired Worcester, Massachusetts-based Table Talk Pies, Inc., a family-owned pie manufacturer founded in 1924. The acquisition expands Rise's pie capabilities and footprint—bringing the combined Rise business to 20 manufacturing facilities and approximately 3,700 employees across the US and Canada.

Biscuit International Acquires Continental Bakeries

October 22, 2021

Food & Beverage

Biscuit International, a Platinum Equity-backed European private‑label biscuit manufacturer, has agreed to acquire Continental Bakeries from its majority shareholder Goldman Sachs Asset Management. The deal brings Continental’s 13 production facilities and more than 2,300 employees into Biscuit International, strengthening the combined group's product portfolio and pan‑European footprint; completion was anticipated in H1 2022 subject to customary approvals.

Butterfly Acquires Majority Stake in Pete and Gerry's Organics

May 4, 2021

Food & Beverage

Los Angeles-based private equity firm Butterfly has acquired a majority stake in Pete and Gerry's Organics, the leading U.S. producer of organic, free-range and pasture-raised eggs. British Columbia Investment Management Corporation (BCI) joins as a new minority investor and Pete and Gerry's CEO Jesse Laflamme will retain an ownership stake and continue to lead the company.