L Catterton completed the acquisition of a majority stake in Kodiak Cakes.

L Catterton completed the acquisition of a majority stake in Kodiak Cakes, a food producer. Kodiak's existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the company's founders and management team, will continue to own a significant minority stake in the company going forward. Financial terms were not disclosed. "Since its first wagonload of flapjack mix, Kodiak has brought an authenticity and commitment to simple, wholesome ingredients that has allowed it to become one of the most disruptive food platforms in America. We look forward to working closely with the entire Kodiak team to grow the brand together and inspire more consumers to pursue healthier eating and live an active, outdoor lifestyle," Andrew Taub, L Catterton Managing Partner.