Baking & Snacks – INVESTMENTS, FUNDING & M&A

The fund is designed to make control investments in small- and lower-mid-cap companies across Africa, targeting what the firm describes as the continent’s largest and most undercapitalized segment.

Rise Baking Company will significantly expand its existing facility in Pleasant View, Utah, while simultaneously preparing to shutter its production plant in Kent, Washington, later this year.

The divestiture is part of its ongoing Accelerate strategy to reshape the portfolio and concentrate resources on priority global platforms, including super premium ice cream, Mexican food, snack bars, and pet food, to improve long term profitable growth and raise operating profit margins.

The concept reimagines the classic Spanish tortilla (omelet) by incorporating Lay’s chips as a signature ingredient across menu items and offers the tortilla by the slice (pincho), sandwich, or whole tortilla, with customizable toppings such as Mallorquina (spicy sausage, brie, honey) and Marinera (anchovies and Lay’s).

The transaction is expected to be finalized by the end of the year, subject to customary regulatory approvals.