Engagement: Owner Recapitalization
Headquarters: Seattle, WA
Type of Business: Designer and supplier of innovative and creative daily-use house wares products with focus on kitchen and cleaning
Investment Date: November, 2011
Exit Date: December, 2014 (partial)
Chef’n Corporation was a very successful privately held business looking for its next catalyst. The CEO/Owner of the business hired an investment bank to help the Company conduct an owner recapitalization, a transaction whereby business owners are able to take money off the table to reduce personal financial risk but retain management and significant ownership of their companies. This transaction would also give Chef’n the opportunity to find a long-term strategic and financial partner. Chef’n ultimately selected CID Capital for the transaction.
CID helped Chef’n develop a detailed growth strategy, added to the executive team and utilized our financial connections to finance the growth of the business. Chef’n dramatically improved their product development process and demonstrated strong top and bottom line growth throughout our ownership.
CID managed a successful sale process for the Company to a larger consumer products company in December, 2014. All managers retained their positions with increased responsibilities and reinvested in the larger organization for the next stage of growth.
Beyond having the requisite industry experience and financial capability, cultural fit between Chef’n and CID was strong throughout our partnership and was a key to our mutual success.
“We found a partner who not only had knowledge and expertise in our industry but also appreciated the Chef’n innovation and culture. CID’s experience in growing consumer product companies through new product and marketing initiatives as well as sensible acquisitions made them a perfect choice for my vision of the Company”
CEO of Chef’n Corporation
*All CID Capital case studies are not “cherry picked” and are for illustrative purposes only.
Matilda Jane Clothing
Matilda Jane Clothing is an unpredictable girls clothing company with expressive, whimsical designs that capture the spirit and imagination of childhood. For both the young and the young at heart, apparel is available in girls, tweens and women’s.
GT Exhaust is an international leader in sound and emissions solutions. Part of IAC Acoustics, GT Exhaust, is a global force in sounds and emissions controls.