M&A Deal Summary

Kenex Holdings Acquires Bubbies Homemade Ice Cream & Desserts

On January 4, 2017, private equity firm Kenex Holdings LLC acquired food company Bubbies Homemade Ice Cream & Desserts, Inc.

Acquisition Highlights
  • This is Kenex Holdings’ 2nd transaction in the Food sector.
  • This is Kenex Holdings’ 3rd transaction in the United States.
  • This is Kenex Holdings’ 1st transaction in Hawaii.

M&A Deal Summary

Date 2017-01-04
Target Bubbies Homemade Ice Cream & Desserts, Inc.
Sector Food
Buyer(s) Kenex Holdings LLC
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cascadia Capital LLC (Financial)
Joyce Ziker Parkinson PLLC (Legal)

Target

Bubbies Homemade Ice Cream & Desserts, Inc.

Aiea, Hawaii, United States
website
Bubbies Homemade Ice Cream & Desserts, Inc. is an Aiea, Hawaii-based manufacturer of mochi ice cream. Bubbies also has a significant international footprint with distribution into France, Mexico, Norway, Russia, Saudi Arabia, Sweden, Switzerland, and the United Arab Emirates. Robbins will remain a significant investor in Bubbies and will retain his unofficial title as "Mr. Bubbie" at industry trade shows moving forward.

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Buyer(S) 1

Buyer

Kenex Holdings LLC

Investor Investor

website


Category Private Equity Firm
Founded 2013
SizeSmall
Type Sector Agnostic
DESCRIPTION

Kenex Holdings LLC is a private equity firm specializing in investments in lower-middle-market companies. Areas of interest include food, beverage, agriculture, transportation & logistics, infrastructure, and manufacturing. Kenex will consider opportunities throughout the US, but has a special interest in Midwest-based companies. Prospective transaction situations include buyouts, consolidations, recapitalizations, growth capital financings, divestitures, and providing shareholder liquidity. Kenex Holdings LLC was established in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Food) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Hawaii) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Imperial Frozen Foods

Wake Forest, North Carolina, United States

Imperial Frozen Foods is a supplier of individually quick-frozen fruit. The company specializes in the global sourcing and packing of private brands for the retail and food service segments. Imperial is a supplier of Grade A conventional and organic frozen fruits to the retail, club and food service segments. Company look forward to integrating core competencies with needs and expanding frozen fruit program.

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