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L Catterton acquires Kodiak Cakes
Park City L Catterton, the largest global consumer-focused private equity firm, today announced that it has acquired Kodiak Cakes (“Kodiak” or the “Company”), a fast-growing food business built on a mission to inspire healthier eating and active living. Terms of the transaction were not disclosed. Kodiak’s existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the Company’s founders and management team, will continue to own a significant minority stake in the Company going forward.
Kodiak traces its roots back to 1982 when eight-year-old Joel Clark began selling his mother’s hand-milled pancake mix door-to-door from a little red wagon. Since then, Kodiak has achieved consistent and remarkable growth to become a leading food brand for the active, modern consumer. Today, the Company fulfills its “Nourishment for Today’s Frontier” brand promise by virtue of a product portfolio t
L Catterton Acquires Kodiak Cakes
Positions High-Growth, Better-for-You Food Brand for Continued Expansion and Innovation
With a Loyal Following from the Active, Modern Consumer, Company is Poised to Broaden Leadership Across Categories
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PARK CITY, Utah and GREENWICH, Conn., May 25, 2021 /PRNewswire/
L Catterton, the largest global consumer-focused private equity firm, today announced that it has acquired Kodiak Cakes ( Kodiak or the Company ), a fast-growing food business built on a mission to inspire healthier eating and active living. Terms of the transaction were not disclosed. Kodiak s existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the Company s founders and management team, will continue to own a significant minority stake in the Company going forward.