Rubicon Bakers (Trive Capital) Acquires Just Desserts

Trive Capital Partners with Rubicon Bakers

July 22, 2020

Food & Beverage

Dallas-based private equity firm Trive Capital has made a growth investment in Rubicon Bakers, a Richmond, California bakery and Certified B Corporation known for producing cakes, cupcakes, muffins, pies and other baked goods sold to grocery retailers nationwide. The investment will provide capital and operational resources to scale production, improve efficiency, and support Rubicon's social mission of hiring and training people who have faced barriers to employment.

Rubicon Bakers Acquires Lucky Spoon Bakery

May 7, 2024

Food & Beverage

Rubicon Bakers has acquired Lucky Spoon Bakery, a Salt Lake City-based maker of gluten-free sweet baked goods, to expand into the gluten-free category. The deal adds Lucky Spoon's cakes, cookies, cupcakes and brownies — sold in grocery stores nationwide — to Rubicon's portfolio and brings Lucky Spoon founder Pam Schulte into Rubicon's leadership team.

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.

Tenex Capital Management Acquires JTM Foods (JJ's Bakery)

May 26, 2021

Food & Beverage

Tenex Capital Management announced an investment to acquire JTM Foods (dba JJ's Bakery), the largest manufacturer of handheld snack pies in North America. The transaction (supported by debt financing from lenders including Audax Private Debt and Varagon Capital Partners) will partner Tenex's operational expertise with JTM's co-manufacturing, private-label and branded snack-pie business to expand capabilities and growth.