Growth Capital • Food

Loft Growth Partners and L Catterton Partners Invest In Beanitos

On January 5, 2012, growth capital firms Loft Growth Partners and L Catterton Partners invested in food company Beanitos

Investment Context
  • This is Loft Growth Partners’ 2nd and L Catterton Partners’ 7th transaction in the Food sector.
  • This is Loft Growth Partners’ 4th and L Catterton Partners’ 50th transaction in the United States.
  • This is Loft Growth Partners’ 1st and L Catterton Partners’ 5th transaction in Texas.
Investment Fate
  • Beanitos was sold to a strategic buyer in 2020.

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Investment Summary

Date January 5, 2012
Target Beanitos
Sector Food
Investor(s) Loft Growth Partners
L Catterton Partners
Deal Type Growth Capital

Target Company

Beanitos

Austin, Texas, United States
Beanitos LLC is an all-natural, high fiber, high protein, gluten-free snack company with a variety of bean-based chip products.
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Investors Overview 2

DESCRIPTION

Loft Growth Partners is a growth-oriented private investment group focused on US-based opportunities in the consumer sector. Specific sectors of interest include food, beverages, personal care, home care, pet care, and other branded consumer products. The Firm will consider both majority and minority positions and generally pursues companies with $2 to $100 million in revenue. Loft Growth Partners is based in Chicago, Illinois.


Deal Context for Investor #
Overall 4 of 13
Sector: Food 2 of 7
Type: Growth Capital 4 of 10
State: Texas 1 of 1
Country: United States 4 of 13
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 FoodState

Derry, New Hampshire, United States

FoodState, Inc. is a manufacturer and distributor of whole food nutritional supplements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Good Karma Foods

Boulder, Colorado, United States

Good Karma Foods is a non-dairy beverage business. The company’s flagship Good Karma flaxmilk is a highly differentiated non-dairy beverage with a unique nutritional profile and great taste that is closer to dairy cow’s milk than many other options. Good Karma is broadly available in the natural channel and rapidly expanding its distribution into conventional grocery stores. Good Karma Foods is based in Boulder, Colorado.

Buy -
Investor

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B 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 Context for Investor #
Overall 63 of 223
Sector: Food 7 of 19
Type: Growth Capital 16 of 91
State: Texas 5 of 15
Country: United States 50 of 134
Year: 2012 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Jones The Grocer Group

Albury, Australia

Jones The Grocer Group is a food emporium focused on providing natural ingredients produced by specialist, artisan suppliers to Australian gourmet food stores. Jones The Grocer Group is based in Albury, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 TechTurn

Austin, Texas, United States

TechTurn Ltd. is a provider of electronics asset disposition (EAD) services that specializes in the processing and sale of technology devices that are returned or recycled from businesses and consumers.

Sell -