Articles from Butterfly Equity

Butterfly Equity (“Butterfly”), a Los Angeles-based private equity firm specializing in the food and beverage sector, today announced the completion of its acquisition of ePac Holdings (“ePac” or the “Company”) from its investor consortium, including Amcor and Indevco North America. ePac is the global leading producer of digitally printed flexible packaging, with a strong position across the consumer-packaged goods (“CPG”) landscape.

Butterfly Equity (“Butterfly”), a Los Angeles-based private equity firm specializing in the food and beverage sector, today announced that Robert Hanson, a former Constellation Brands executive and renowned consumer brands industry veteran, has been appointed Chief Executive Officer of The Duckhorn Portfolio (“Duckhorn” or the “Company”), North America’s premier luxury wine company, effective February 1, 2025.

Butterfly Equity (“Butterfly”), a Los Angeles-based private equity firm specializing in the food and beverage sector, and The Duckhorn Portfolio, Inc. (“The Duckhorn Portfolio,” “Duckhorn” or the “Company”) today announced the completion of Butterfly’s acquisition of Duckhorn, North America’s premier luxury wine company, for $11.10 per share, in an all-cash transaction valued at approximately $1.95 billion.

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced that Vishal Patel will be joining the firm as Partner. He will help lead an already strong, focused investment team with deep food and private equity experience, as well as join the firm’s Investment Committee.

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, recently announced the closing of its sophomore fund. Nearly doubling in size from the previous vintage, the fund closed with commitments of $1 billion from a wide range of partners including institutional investors, family offices, entrepreneurs, and food investors. Together with its previous fund and co-investments, Butterfly has nearly $4 billion of assets under management. The announcement comes after Butterfly signed a definitive agreement to acquire QDOBA from Apollo Global Management and merge it with its existing brands to form a leading fast casual restaurant platform in North America with nearly 800 restaurants. In addition, Butterfly and Bolthouse Farms (the No. 1 super premium refrigerated beverage brand and largest carrot supplier to North American retailers) announced the acquisition of Evolution Fresh from Starbucks earlier this month, accelerating Bolthouse’s leadership in the premium juice and refrigerated beverage categories in retail. Butterfly also sold a majority interest in Orgain, the U.S.’ leading plant-based functional nutrition platform, to Nestlé Health Science earlier this year.

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced that Nestlé Health Science has agreed to acquire a majority stake in its portfolio company Orgain, the U.S.’ leading plant-based functional nutrition platform. Butterfly and Dr. Andrew Abraham, Orgain’s Founder and CEO, will retain significant minority ownership positions in the company. Dr. Abraham will continue to lead the company as CEO. Terms of the deal were not disclosed.

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced that it has reached an agreement to partner with Chosen Foods LLC (“Chosen Foods”), an industry leader and pioneer of avocado oil and creator of avocado-based kitchen staples including cooking sprays, mayonnaises, dressings, simmer sauces, guacamole, and salsa. Butterfly will own a majority stake in the business. Terms of the transaction were not disclosed.

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced that it has reached an agreement to partner with MaryRuth Organics, LLC (“MaryRuth’s”), a leading digitally native health and wellness brand operating in the premium vitamins, minerals, and supplements (“VMS”) industry. Terms of the transaction were not disclosed.