Private Investor Acquires Icing on the Cake
April 19, 2024
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.
- Buyers
- Private Investor (unnamed)
- Targets
- Icing on the Cake, Inc.
- Sellers
- Lynn (founder/owner)
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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.
-
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.
-
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.
-
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).
-
Dessert Holdings (Gryphon Investors) Acquires Atlanta Cheesecake Company
January 12, 2018
Food & Beverage
Dessert Holdings, a holding company formed by private equity firm Gryphon Investors, has acquired Atlanta Cheesecake Company (ACC), a Kennesaw, Georgia-based manufacturer of frozen desserts and cheesecakes. The acquisition brings ACC into Dessert Holdings' portfolio (which includes The Original Cakerie and Lawler's Desserts) to expand product offerings and distribution into retail grocery and foodservice channels across North America.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.