Kirkland & Ellis advised Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, on its agreement to acquire a majority stake in Orgain, Inc., a leading producer of high-quality, great-tasting, organic and clean nutrition products. Orgain is Butterfly’s fifth investment within its “seed to fork” approach to investing in food across agriculture, aquaculture, food and beverage products, food distribution and foodservice. Financial terms of the transaction were not disclosed.
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The Kirkland team was led by transactional partners Ravi Agarwal and Sean Rodgers and associates Brooke Coghlan, Michael Ruderman and Matthew Stylianou; debt finance partner Melissa Hutson and associate Ben Steadman; investment funds partners Andrew Wright, David Sherman and Lina Zhou; tax partner Benjamin Schreiner; and executive compensation partner Scott Price and associate Jake Ebers.