Platinum Equity and Butterfly to Acquire Rise Baking Company for Accelerated Growth
09/17/24, 7:26 PM
Location
Industry
financial services
grocery
retail
manufacturing
Global investment firm Platinum Equity and food-focused private equity firm Butterfly have announced the acquisition of Rise Baking Company. The acquisition aims to accelerate Rise's next chapter of growth, leveraging the financial and operational resources of Platinum Equity and Butterfly to expand Rise Baking Company's reach and offerings.
Company Info
Location
Beverly Hills, California, United States
Company info
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.