Kainos Capital Raises Over $1 Billion for Fund III

Kainos Capital, a Dallas, TX-based private equity firm focused on the food and consumer products and services sectors, raised over $1 Billion for Fund III.

Existing investors provided a significant amount of Fund III’s capital and referred many new investors to the Fund.

Led by Andrew Rosen, Managing Partner, Fund III primarily will target family-owned businesses and corporate carve-outs in the food and consumer products sectors with at least $10 million in EBITDA. The vehicle can commit in excess of $300 million of equity, and potentially more with its Limited Partner co-investment program, in any single transaction.

The dedicated Kainos Operations Team works with portfolio companies to help drive manufacturing process improvement, supply chain and purchasing savings, financial organization and analysis, information technology enhancements, and talent recruitment and retention. Additionally, the team owns a controlling ownership stake in MEMCO Engineering Solutions, a company that designs and implements customized, automated food and beverage manufacturing production systems, and works extensively with the Firm’s portfolio companies.

To date, Fund III is approximately one-third invested across three platform acquisitions:
– CellCore Biosciences, a wellness company that provides dietary supplements that are primarily sold through the practitioner channel-
– Specialty Sales, a specialty dairy cow health distribution business.
– Evriholder Products, a provider of impulse products and merchandising solutions for retailers.

Kainos Capital is a middle-market private equity firm with a focus on the food and consumer products and services sectors. Its team has extensive investment and operating experience in the industry, having invested approximately $3 billion of equity in more than 40 transactions with a total transaction value of over $6 billion. Its strategy is to build a diversified portfolio of growing and strategically relevant food and consumer businesses.

Fund II’s portfolio currently includes Wellful (portfolio of health and wellness brands including Nutrisystem, Nugenix and Super Beta Prostate), Whisps (cheese snacks), Muenster (pet food), and BeautyBio (skincare products). Previously exited portfolio companies include Kettle Cuisine (soup and meal solutions), Ferraro Foods (specialty foodservice distribution), Olde Thompson (private label spices), good2grow (children’s beverages), SlimFast (weight management products), Country Fresh (fresh produce supplier), Florida Foods (specialty clean ingredients), and Trilliant (coffee products).

FinSMEs

09/02/2023