Investment Summary

Castanea Partners Invests In Jeni s Splendid Ice Creams

On March 29, 2016, private equity firm Castanea Partners invested in food company Jeni s Splendid Ice Creams

Investment Highlights
  • This is Castanea Partners’ 1st transaction in the Food sector.
  • This is Castanea Partners’ 24th transaction in the United States.
  • This is Castanea Partners’ 2nd transaction in Ohio.

Investment Summary
Date 2016-03-29
Target Jeni s Splendid Ice Creams
Sector Food
Investor(s) Castanea Partners
Deal Type Growth Capital
Advisor(s) North Point Advisors LLC (Financial)

Target

Jeni s Splendid Ice Creams

Columbus, Ohio, United States
Jeni's Splendid Ice Creams is a retailer and wholesaler of branded artisanal ice creams. Today, Jeni's is a certified B Corporation and multi-channel retailer with 23 company-owned scoop shops, a robust e-commerce presence, and distribution in top groceries across. Jeni's Splendid Ice Creams was founded in 2002 and is based in Columbus, Ohio.

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Investor(S) 1

Investor

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.

DEAL STATS #
Overall 24 of 30
Sector (Food) 1 of 2
Type (Growth Capital) 11 of 16
State (Ohio) 2 of 2
Country (United States) 24 of 29
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 Vitamin Research Products

Carson City, Nevada, United States

Vitamin Research Products develops, manufactures, and markets premium nutritional supplements. The company sells over 350 science-based supplements via direct mail and the Internet to consumers and practitioners. Vitamin Research Products was founded in 1979 and is based in Carson City, Nevada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Drybar

Irvine, California, United States

Drybar is an operator of a multi-unit retail brand that provides professional blowouts (hair washing, drying, and styling). Drybar also offers an award-winning branded consumer product line of hair care and styling products. Drybar was founded in 2009 and is based in Irvine, California.

Sell -
Mergr

Product

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