Dessert Holdings (Gryphon Investors) Acquires Atlanta Cheesecake Company

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.

Private Investor Acquires Icing on the Cake

April 19, 2024

Food & Beverage

Generational Group advised Icing on the Cake, an ultra-premium retail dessert bakery in Los Gatos, California, on its sale to a private investor. The transaction closed April 19, 2024 and transfers ownership from founder Lynn after nearly 40 years, with the buyer (unnamed) expected to continue the bakery's traditions and local presence.

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.

Dessert Holdings (Bain Capital) Acquires Kenny's Great Pies from Kaho Partners

May 17, 2024

Food & Beverage

Dessert Holdings, a premium-dessert platform owned by Bain Capital, has acquired Kenny's Great Pies from Kaho Partners. The acquisition adds Kenny's clean-label, cream-based pies and manufacturing capacity (33,000 sq ft facility in Smyrna, Georgia) to Dessert Holdings' portfolio to expand product offerings and distribution across retail, club and foodservice channels; terms were not disclosed.

GlacierPoint Enterprises Acquires Southern Ice Cream and Gourmet Foods

June 30, 2022

Food & Beverage

GlacierPoint Enterprises, a Mill Point Capital portfolio company, has acquired Southern Ice Cream and Gourmet Foods, a Charlotte-based full-service distributor of ice cream and related products across the Carolinas. The deal creates a newly formed GlacierPoint Carolinas division led by Bailey Jordan, expands GlacierPoint's DSD distribution footprint from South Carolina north to the U.S./Canadian border, and retains Southern's owners Kim and Chance DelCastillo in senior advisory roles.