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Laxman Pai, Opalesque Asia: Los Angeles-based private equity firm specializing in the food sector Butterfly raised $1 billion for its sophomore fund, nearly doubling in size from the previous vintage, from a wide range of partners including institutional investors, family offices, entrepreneurs, and food investors.
The investment company said in a press release that together with its previous fund and co-investments, Butterfly has nearly $4 billion of assets under management.
Dustin Beck, Co-Founder, and Co-CEO of Butterfly, said: "We've been able to bring a set of intangibles to the table beyond traditional capital partners, particularly around our operational and technological capabilities, to help our underlying companies realize their full potential. Consumers around the globe care more today than ever before about doing business the right way. Across our portfolio, we have a vigorous focus on leading by example in the food system, both with our philanthropic efforts and our commitment to making a positive impact, which is passionately embraced by Butterfly and its partners as demonstrated by our commitment to B-Corp certify our investments and our firm itself."
Butterfly recently 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 announced the acquisition...................... To view our full article Click here
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