Butterfly Equity Acquires Majority Stake in Orgain
November 8, 2019
Butterfly Equity has signed a definitive agreement to acquire a majority stake in Orgain, a Los Angeles-area private equity firm said in a press release. Ontario Teachers' Pension Plan will join as a minority investor, and Orgain founder Dr. Andrew Abraham will retain a significant minority stake and remain CEO; the partnership is intended to scale the brand, accelerate product innovation and expand global distribution.
- Buyers
- Butterfly Equity, Ontario Teachers' Pension Plan
- Targets
- Orgain, Inc.
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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