Private Investor Acquires Icing on the Cake

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).

Encore Consumer Capital Acquires Chalet Desserts

May 16, 2024

Food & Beverage

Encore Consumer Capital, a San Francisco-based private equity firm focused on consumer products, has acquired Chalet Desserts, a Sacramento-based specialty manufacturer of frozen bakery desserts. Encore said it will partner with founder and CEO Dave Laukat and the existing management team to pursue organic growth, capacity investments and add-on acquisitions to expand the platform.

Dessert Holdings Acquires Dianne's Fine Desserts from Geneva Glen Capital

November 1, 2022

Food & Beverage

Dessert Holdings, North America's premium dessert company, has acquired Dianne's Fine Desserts from Geneva Glen Capital. The acquisition, terms undisclosed, expands Dessert Holdings' product assortment in the foodservice channel; Dianne's CEO Mike Knowles and President Dan Scales will be retiring as part of the transaction.

L Catterton Acquires Kodiak Cakes

May 25, 2021

Food & Beverage

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.

LDC Invests in Cakesmiths

March 28, 2022

Food & Beverage

LDC, a UK mid-market private equity firm, has made a growth investment in Bristol-based Cakesmiths to support the company’s next stage of expansion. The deal backs the existing management team led by Simon Harris and CEO Chris Ormrod, with David Garman joining the board as Non-executive Chair and LDC investment leads Stefan Gunn and James Garland also joining the board.

Lakeview Capital Acquires The Mochi Ice Cream Company from Century Park Capital Partners

January 30, 2020

Food & Beverage

Lakeview Capital, Inc. has acquired The Mochi Ice Cream Company (maker of the My/Mo and Mikawaya brands) from Century Park Capital Partners. Century Park had owned the company since 2015 and scaled distribution from under 1,000 to more than 20,000 locations; the transaction represents a sponsor exit and positions the brand for continued national growth under new ownership.