William Blair acted as the exclusive financial advisor to Dessert Holdings, a portfolio company of Bain Capital (Bain), in connection with its acquisition of Dianne’s Fine Desserts (Dianne’s). The transaction closed October 28, 2022.
About the Companies
Dessert Holdings is North America’s premium dessert company, recognized for providing our retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible supply chain, and best-in-class service. Based in St. Paul, Minnesota, Dessert Holdings is an umbrella organization of four premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts, Atlanta Cheesecake Company, and Steven Charles. Together, the companies serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia.
Dianne’s is a leading manufacturer of branded and private label frozen desserts to the foodservice industry and has been serving up inspiring, mouth-watering and memorable desserts for more than 40 years. The company’s product line includes cheesecakes, layer cakes, specialty pies and tarts, brownies/bars, individual minis and specialty desserts; all created at two state-of-the art GFSI-certified manufacturing facilities. Dianne’s has strong core markets, an established customer base and product lines that anticipate consumer demand and support customer initiatives and goals.
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