Consumer and Food-Focused Kainos Capital Raises Over $1B for Third Fund

Dallas-based private equity firm specializing in the food and consumer products and services businesses, raised more than $1 billion, its biggest haul to date, for its third fund – Kainos Capital Partners III.

Although the firm did not mention specific investors, it said “current investors” provided a significant amount of capital for the fund and referred many new investors.

Led by Andrew Rosen, Managing Partner, Fund III will primarily target family-owned businesses and corporate carve-outs in the food and consumer products sectors with at least $10 million in EBITDA.

The fund can commit more than $300 million of equity, and potentially more with its limited partner co-investment program, in any single transaction.

The fund is approximately one-third invested across three acquisitions: CellCore Biosciences, a wellness company, Specialty Sales, a dairy cow health distribution business and Evriholder Products, a provider of merchandising services.

Kainos has invested approximately $3 billion in more than 40 transactions, valued at more than $6 billion.

Previously exited portfolio companies include Kettle Cuisine, Ferraro Foods, Olde Thompson, SlimFast, Country Fresh, Florida Foods and Trilliant.