Kirkland & Ellis advised Butterfly, a Los Angeles-based private equity firm specializing in the food sector, on its investment in Chosen Foods LLC, a leader in avocado-based food products. Butterfly will own a majority stake in the business, and this transaction represents Butterfly’s latest investment within its “seed to fork” strategy. Headquartered in San Diego, Chosen Foods is an avocado-centric brand that brings sustainably sourced, high-quality avocado products to families nationwide. Terms of the transaction were not disclosed.
Read the Butterfly press release
The Kirkland team was led by corporate partner Ravi Agarwal and associates Christopher Burwell and Zahraa Hadi with support from corporate partner Sean Rodgers, debt finance partners Melissa Hutson and Ben Steadman, tax partners Dean Shulman and Timothy Campany, and technology & IP transactions partner Adam Petravicius and associate Bernadette Coppola.