M&A Deal Summary

L Catterton Partners Acquires Kettle Cuisine

On June 1, 2022, growth capital firm L Catterton Partners acquired food company Kettle Cuisine from Kainos Capital

Acquisition Highlights
  • This is L Catterton Partners’ 19th transaction in the Food sector.
  • This is L Catterton Partners’ 127th transaction in the United States.
  • This is L Catterton Partners’ 4th transaction in Massachusetts.

M&A Deal Summary
Date 2022-06-01
Target Kettle Cuisine
Sector Food
Buyer(s) L Catterton Partners
Sellers(s) Kainos Capital
Deal Type Secondary Buyout

Target

Kettle Cuisine

Chelsea, Massachusetts, United States
Kettle Cuisine is an independent, artisan soup maker providing uncompromised soup with a commitment to impeccable ingredients, careful preparation and traditional cooking techniques. The company offers a selection of over 50 varieties of soups, chilis and chowders, and services over 5,000 restaurants, cafes, delicatessens and supermarkets in the United States. Kettle Cuisine was founded in 1986 and is based in Chelsea, Massachusetts.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 210 of 221
Sector (Food) 19 of 19
Type (Secondary Buyout) 18 of 20
State (Massachusetts) 4 of 4
Country (United States) 127 of 133
Year (2022) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Len the Plumber

Baltimore, Maryland, United States

Len the Plumber is a residential services company with a specialization in plumbing and HVAC services, operating across the Mid-Atlantic and Southeast regions under six brands. The company provides professional, same-day service seven days a week, with technicians working around customer schedules, never charging extra for same-day, evening, or weekend appointments, and dispatched based on specialization. Len the Plumber was founded in 1996 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 OWNDAYS

Tokyo, Japan

OWNDAYS is an innovative Japanese eyewear company that delivers rapid service, high-quality prescription glasses in own-brand styles. OWNDAYS, which began its successful expansion across Southeast Asia in 2013, has become Japan's most international optical eyewear retailer. With 115 stores in Japan and 142 stores in 10 other Asian markets, OWNDAYS has built a strong track record of successful expansion both in Japan and abroad. OWNDAYS was founded in 1989 and is based in Tokyo, Japan.

Sell $400M

Seller(S) 1

SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.

DEAL STATS #
Overall 18 of 19
Sector (Food) 12 of 12
Type (Secondary Buyout) 7 of 7
State (Massachusetts) 1 of 1
Country (United States) 17 of 18
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 good2grow

Atlanta, Georgia, United States

good2grow is a better-for-you kids’ nutrition platform providing single-serve juice, fortified water, and milk products. The Company delivers its unique product with a collectible spout top (“toppers”) based on famous characters from children’s entertainment franchises. Beverages are sold across numerous brick-and-mortar retail channels including convenience, mass, grocery, dollar, and drug stores. G2G uses a variety of distribution methods, including a direct store delivery (“DSD”) network of over 220 partners which allows for optimal merchandising and efficient in-stock rates. good2grow was founded in 2001 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 HoofStrong

Fresno, California, United States

HoofStrong is a provider of automated hoof bath systems and the preventative hoof care treatment products utilized in these systems for commercial dairies. HoofStrong was founded in 1999 and is based in Fresno, California.

Buy -
Mergr

Product

Company

Legal