Bregal Partners has made a growth equity investment in Oggi Foods, a maker of branded and private label food products.
Oggi manufactures and sells its gluten-free products including Neapolitan style frozen pizzas, pizza crusts, mini pizza bites, mini calzones, and plant-based/vegan pizzas in grocery stores and restaurants across North America. The company was founded in 2015 by CEO Joe Turturici and Stefano Cataldo and is headquartered in Montreal.
“At Oggi, we have worked hard to create what we believe is the best gluten-free frozen pizza on the market, and we are looking forward to working with Bregal to take our business to the next level,” said Mr. Turturici.
For several years now, Bregal has been executing an investment strategy in the better-for-you frozen food sector. “We were highly impressed with the quality of Oggi’s products and with the company’s growth over the last several years, and we are thrilled to have this opportunity to partner with Oggi’s founders and management during this next exciting phase of the company’s growth,” said managing partner Charles Yoon.
In addition to Mr. Yoon, the Bregal transaction team included Managing Director Thomas Kearney, Principal Kevin Deemer, Senior Associate Omar Nabhani, and Analyst Andy Neumann.
Bregal Partners invests from $20 million to $150 million in companies that have from $5 million to $75 million of EBITDA and are active in the consumer, multi-unit restaurant, food and beverage, and business services sectors. The New York-based firm was founded in 2012 and is part of Bregal Investments, a family of private equity and fund investment vehicles that has invested more than $12.5 billion since 2002.
Sonenshine Partners was the financial advisor to Oggi Foods on this transaction.
© 2021 Private Equity Professional | September 22, 2021
