Attention small food companies and entrepreneurs: Kainos Capital just raised a billion dollars in funding that is destined for acquisitions or equity buy-ins.
Kainos on Feb. 9 announced the successful closing of Kainos Capital Partners III LP, with more than $1 billion in capital commitments, “the largest investment vehicle in Kainos’ history,” the middle-market private equity firm said.
“Consistent with Kainos’ approach over the past decade, Fund III primarily will target family-owned businesses and corporate carve-outs in the food and consumer products sectors with at least $10 million in EBITDA. Kainos has found that these sellers – several of whom are investors in Fund III – frequently value Kainos’ sector experience and operating capabilities, often retaining ownership stakes in the businesses Kainos acquires.
"Fund III can commit in excess of $300 million of equity, and potentially more with our Limited Partner co-investment program, in any single transaction.”
Kainos seeks to build food and consumer companies by implementing Change Capital initiatives and leveraging its industry experience and relationships to help partner businesses capitalize on their growth opportunities and improve profitability. Many of the partners at Kainos have been investing in the food and consumer industry for more than 20 years and several were senior leaders in the industry prior to joining Kainos.
The Kainos Operations Team works with portfolio companies to help drive manufacturing process improvement, supply chain and purchasing savings, financial organization and analysis, information technology enhancements and talent recruitment and retention, the company said. Additionally, Kainos owns a controlling ownership stake in MEMCO Engineering Solutions, a company that designs and implements customized, automated food and beverage manufacturing production systems and works extensively with the firm’s portfolio companies.
