Capstone Partners served as exclusive financial advisor to Tate’s Bake Shop in its recapitalization with The Riverside Company, a global private equity firm with more than $4.6 billion of capital under management.
Tate’s is a premium, consumer branded producer of gourmet baked goods renowned nationwide for its signature thin, crispy cookies.
The Company has maintained a distinctive, home-style quality while achieving exceptional growth by strategically expanding distribution across multiple retail channels and geographies to meet fervent consumer demand.
Founded by Kathleen King in a quaint Southampton, NY bake shop, Tate’s has established a preferred, national consumer brand through “word-of-mouth” recognition by devoted consumer advocates and widespread media acclaim.
Tate’s retained Capstone Partners to explore alternatives in order to attract a value added partner to assist Kathleen King in capitalizing on the Company’s dynamic growth opportunities.
The Riverside Company, a private equity investor in growth companies since 1988, expects to enhance distribution, production and marketing while retaining the Company’s entrepreneurial spirit and hands-on creativity.
Bringing on [Capstone Partners] was one of the smartest business decisions I’ve made. With their expert knowledge, insight, and kindness, the [Capstone] team smoothly brought us to the finish line with a partnering company that is a perfect fit for my business. I’m extremely grateful to [Capstone Partners], and I look forward to the next chapter of growth for Tate’s Bake Shop.
