Case study

Tates Bake Shop, Inc. has been acquired by The Riverside Company

The founder of Tate's Bake Shop, Inc. (Tate's) has sold the company to The Riverside Company. Financial details of this transaction have not been disclosed.

Founded in 2000 and based in Southampton, New York, Tate's produces baking products. Its products include cookies, cookie and bar towers, gift baskets, gluten-free desserts, bars and brownies, pies and cakes, breakfast treats, and cookbooks and accessories. The company also offers hospitality and food services for luxury hotels and resorts.

The Riverside Company, a global private equity firm with more than US$4.6 billion of capital under management, specializes in leveraged buyouts, management buyouts, management buy-in, expansion, junior capital using both equity and debt securities, public to private, replacement, mature, emerging growth, recapitalizations, small-cap investments, buy-and-build of medium sized lower and smaller end of middle market companies. It operates as a SBIC.

Kathleen King, owner and founder of Tate's Bake Shop, said: "Bringing on TM Capital was one of the smartest business decisions I've made. With their expert knowledge, insight, and kindness, the TM 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 TM Capital, and I look forward to the next chapter of growth for Tate's Bake Shop."

One of Oaklins' teams in the USA served as exclusive financial advisor to the seller in this recapitalization with The Riverside Company. Our team was retained to explore alternatives in order to attract a value added partner to assist Kathleen King in capitalizing on the company’s dynamic growth opportunities.

Tombstone image for Tates Bake Shop, Inc. has been acquired by The Riverside Company

Key deal contacts

Paul R. Smolevitz

United States

Managing Director

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Craig M. Gibson

United States

Managing Director

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Kevin Atchue

United States

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