Butterfly Equity Acquires The Duckhorn Portfolio for $1.95 Billion

The Duckhorn Portfolio Acquires Sonoma-Cutrer Vineyards from Brown-Forman

November 16, 2023

Food & Beverage

The Duckhorn Portfolio, Inc. has entered into a definitive agreement to acquire Sonoma-Cutrer Vineyards from Brown-Forman Corporation for approximately $400 million in a mix of stock and cash. The acquisition expands Duckhorn's presence in luxury Chardonnay, with Brown-Forman receiving a ~21.5% post-closing stake in The Duckhorn Portfolio and two board nominations.

Butterfly Equity Acquires Milk Specialties Global from American Securities

December 23, 2022

Food & Beverage

Butterfly, a Los Angeles-based private equity firm focused on the food sector, has entered into a definitive agreement to acquire Milk Specialties Global, a vertically integrated manufacturer of dairy-based human and animal nutrition ingredients, from affiliates of American Securities. The transaction, terms undisclosed, is expected to close in Q1 2023 and the Milk Specialties leadership team, led by CEO David Lenzmeier, will remain in place.

Vista Equity Partners Acquires Duck Creek Technologies

March 30, 2023

Cloud & SaaS

Vista Equity Partners has completed its all-cash acquisition of Duck Creek Technologies for $19.00 per share, valuing the company at approximately $2.6 billion. The deal takes Duck Creek private and pairs its cloud-based P&C insurance software platform with Vista’s enterprise software-focused investment platform to accelerate product and cloud adoption among insurance carriers.

Butterfly Equity Acquires Majority Stake in Orgain

November 8, 2019

Food & Beverage

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.

Butterfly Equity Acquires Majority Stake in Chosen Foods

September 7, 2021

Food & Beverage

Los Angeles-based private equity firm Butterfly Equity has agreed to acquire a majority stake in San Diego-based avocado-focused food brand Chosen Foods. The investment will support Chosen Foods' global growth and expansion of its avocado-based product portfolio; transaction terms were not disclosed.

Weinberg Capital Group Acquires Drake Waterfowl Systems; Northstar Capital Provides Financing

September 22, 2021

Consumer Products

Weinberg Capital Group has acquired Drake Waterfowl Systems, a branded outdoor apparel company for hunters and anglers. Northstar Capital provided subordinated debt and an equity co-investment to help finance the transaction alongside Weinberg. The deal positions Drake for growth as a consumer outdoor-apparel platform under Weinberg's ownership.