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Announced

Prelude Growth Partners to invest in Fly By Jing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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asian food

Private

Acquisition

Food Products

Pending

Single Bidder

Domestic

United States

Minority

Private Equity

Friendly

Synopsis

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Prelude Growth Partners, a private equity firm focused on high potential, fast-growing consumer brands, agreed to invest in Fly By Jing, one of the fastest-growing Asian food brands. Financial terms were not disclosed. "Fly By Jing fits perfectly with Prelude Growth's strategy of partnering with passionate, purpose-driven founders of high-growth brands that speak to the bold tastes and preferences of the new modern consumer. Fly By Jing has experienced dramatic success since launch. With a passionate following, we see a significant opportunity for Fly By Jing to become a leader in the condiments category. We look forward to working with Jing and the team to bring these unique flavors to more customers, creating Fly By Jing fans everywhere," Neda Daneshzadeh, Prelude Growth Partners Co-Founder.

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