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Trilantic North America Congratulates Kodiak Cakes on the Completion of its Acquisition by L Catterton

Trilantic North America, a leading private equity firm, is pleased to congratulate Kodiak Cakes (“Kodiak” or the “Company”) on the completion of its acquisition by L Catterton, a global consumer-focused private equity firm.

Kodiak, known for its portfolio of 100% whole-grain, protein-powered pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes and a variety of snacking products, received a growth investment from Sunrise, an accelerator of emerging brands in the healthy, active and sustainable living space co-founded by Steve Hughes and Trilantic North America, in 2016. Sunrise, alongside Kodiak’s founders and management team, will remain as minority shareholders of the Company.

“Joel Clark, Cameron Smith and the rest of the Kodiak team have done a tremendous job driving the Company’s growth into a true platform brand within the breakfast and snacking category,” said Jamie Manges, Partner at Trilantic North America. “It has been a pleasure working closely alongside the Kodiak team since our partnership began in 2016. We are excited to continue our work together alongside L Catterton and execute on the Company’s vision of inspiring more consumers to pursue healthier eating.”

Sunrise has provided capital to 11 emerging brands since 2016.

Trilantic Capital Management L.P. (“Trilantic North America”) is a leading, growth-focused middle market private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer and energy sectors. Trilantic North America has managed six private equity funds families with aggregate capital commitments of $9.7 billion. Trilantic North America has been recognized by Inc. Magazine’s 2019 list of Top 50 Founder-Friendly Private Equity Firms.

For more information, visit www.trilanticnorthamerica.com.

Trilantic North America

With a delicious portfolio of 100% whole-grain, protein-powered pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes, and a variety of snacking products, Kodiak provides its loyal consumers with "Nourishment for Today's Frontier." Headquartered in Park City, Utah, Kodiak was built on a mission to enable healthier eating and active living. The brand began when eight year-old Joel Clark began selling his family's hand-milled flapjack mix door-to-door from a little red wagon, and Kodiak is now proudly sold in 26,000 doors nationwide.

Kodiak Cakes

Sunrise Strategic Partners (“Sunrise”) is based in Boulder, Colorado, and provides growth expertise and capital to differentiated and authentic emerging brands in the healthy, active and sustainable living space that resonate with Millennials, have a strong proof of concept, and need capital for growth. The Sunrise team is deeply experienced in scaling brands and supports these investments by adding strategic value and guidance on tactical priorities.

For more information, visit www.sunrisestrategicpartners.com

Sunrise Strategic Partners