Rotunda Capital Partners Invests in Mama Lycha Foods
September 10 2024 - 12:59PM
Business Wire
Partnership positions leading provider of
branded Latin American foods for accelerated growth
Rotunda Capital Partners (“Rotunda”) has invested in Mama Lycha
Foods (“Mama Lycha” or “the Company”), in partnership with the
Padilla family.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240910120645/en/
Mama Lycha was founded with the goal of bringing the authentic
flavors of Latin American cuisine to the U.S. Today, the Company
manufactures and distributes over 600 SKUs serving 750+ retail
grocery customers and 150+ regional partner distributors across 37
U.S. states and 4 Canadian provinces. Headquartered in Houston,
with additional facilities in Grand Prairie, Texas and Central
America, Mama Lycha has earned a strong reputation for its
exceptional portfolio of brands, reliable service, national
distribution, deep strategic business relationships, and category
expertise.
Dan Lipson, Managing Partner at Rotunda, said, "Mama Lycha
represents a unique opportunity to invest in an exceptional
business and team that has differentiated itself as a leading
authority on Latin American cuisine. Mama Lycha's history of
service and dedication to its partners' and customers' success,
coupled with its strong and consistent track record of growth, make
it an ideal platform investment for Rotunda. We are looking forward
to partnering with the Company to accelerate the execution of
strategic growth investments."
Founders, Luis and Maria Padilla, commented, "Our family has
been proud to serve our customers, brand partners, and local
communities for more than 30 years. After an exhaustive search, it
was clear that Rotunda was the right partner as we begin this next
phase of accelerated growth. Rotunda truly understands our capital
needs, our culture, and our commitment to supporting our team,
brands and customers. We look forward to our partnership, which
will position Mama Lycha as the main platform company for continued
rapid growth across products, brands, and retailers." The Padilla
family, including the current General Director, Maria
Padilla-Gonzalez, will continue to work in the business and help
lead the next generation of management.
Corey Whisner, Managing Partner of Rotunda, added, "This
transaction further exemplifies Rotunda’s deep experience investing
in founder and family-owned businesses and highlights our continued
interest in attractive investments in the food and beverage
distribution sectors that we believe could benefit from our ability
to drive rapid growth and expansion."
As part of the transaction, Luis Marconi, a longtime executive
partner of Rotunda, will become Executive Chairman of the board of
the Company. Luis was most recently head of Grocery Products for
Hormel Foods and President of Megamex Foods, a joint venture of
Hormel Foods and Herdez Del Fuerte.
The Rotunda team includes Dan Lipson, Corey Whisner, Rohit
Dhake, Brian Kim and Keith Cotter. Statesman Corporate Finance, LLC
served as financial advisor to the Company, Greenberg Traurig, LLP
served as legal advisor to Rotunda on this transaction, and Haynes
and Boone, LLP served as legal advisor to Mama Lycha on this
transaction.
About Mama Lycha Foods
Mama Lycha is a leading provider of branded Latin American foods
and beverage products. Founded in 1993, Mama Lycha now owns
numerous brands and partners with dozens of first-class companies
on an exclusive basis to deliver their brands to the North American
market. For more information on Mama Lycha, visit us online at
www.mamalycha.com.
About Rotunda Capital Partners
Rotunda Capital Partners is an operationally oriented private
equity firm focused on transforming family-founder owned companies
into dynamic, data-driven platforms able to achieve and manage
significant growth. Since its founding in 2009, Rotunda has
partnered with management teams to build great businesses within
three primary sectors: value-added distribution, asset-light
logistics and industrial, business & residential services.
Rotunda strives to achieve replicable results by implementing its
Rotunda Performance System to create strategic alignment, develop
lean processes and create robust, data-driven infrastructures. For
more information, visit www.rotundacapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240910120645/en/
Margaux Valle Rotunda Capital Partners 240.962.1707
mv@rotundacapital.com