Sweet Oak (Rhône & Mariposa) Acquires Whole Earth Brands
August 7, 2024
Sweet Oak, a newly rebranded parent owned by affiliates of Rhône Capital and Mariposa Capital, completed the take-private acquisition of Whole Earth Brands, combining it with Royal Oak Enterprises. The acquisition was funded with an $862 million senior secured credit facility led by Silver Point Finance, with participation from Fortress Credit, Cerberus, Monarch and other co-investors; McDermott Will & Emery represented Rhône in the transaction.
- Buyers
- Sweet Oak Parent LLC, Rhône Capital, Mariposa Capital, LLC, Cerberus Capital Management, Monarch Alternative Capital
- Targets
- Whole Earth Brands, Inc.
- Platforms
- Royal Oak Enterprises, LLC
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Transaction Type
- Addon
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