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AUA Private Equity Announces the Sale of Raymundo’s Food Group, LLC
West Palm Beach, FL (October 23, 2024) – AUA Private Equity Partners, LLC (“AUA Private Equity”), is pleased to announce the sale of substantially all of the assets of Raymundo’s Food Group, LLC (“RFG” or “Raymundo’s”) to Lakeview Farms, a portfolio company of CapVest.
Over the past decade, Raymundo’s has established itself as a leading, Hispanic-inspired snack brand in the United States, providing an assortment of flan, gelatin, and pudding primarily through mass market retail. The company has attracted a passionate and loyal consumer following by providing a combination of great flavors, high quality ingredients, and an authentic brand positioning that resonates with families spanning multiple generations.
“We anticipate that Raymundo’s will be a highly accretive addition to the Lakeview Farms’ portfolio, and it should further expand their snack offering and breadth of Hispanic-inspired foods,” stated Robert Rosales, Chief Executive Officer of Raymundo’s. “Lakeview Farms’ capabilities and resources will enable the Raymundo’s brand to continue expanding into new retail locations and new channels.”
Andy Unanue, Managing Partner of AUA Private Equity stated, “The success of this transaction is a result of the hard work of our management team, value-creation partners and investment professionals at AUA Private Equity. Robert Rosales and the entire Raymundo’s management team has been instrumental in navigating Raymundo’s through a transitionary period, improving the business, and driving future growth. We thank everyone involved for their hard work and commitment.”
Charles DeVries, a Vice President of AUA Private Equity added, “Over the past several years at Raymundo’s, we were able to drive growth through our core Hispanic dessert offerings and worked closely with our retail customers to provide the highest of service levels. We are excited to witness the next chapter of the Raymundo’s brand under Lakeview Farms’ ownership.”
The AUA Private Equity deal team was led by Vice President Charles DeVries and Associate Luke Phillips. Intrepid Investment Bankers served as the exclusive financial advisor to Raymundo’s Food Group in connection with the transaction. McDermott Will & Emery served as legal advisor for AUA Private Equity Partners.
About AUA Private Equity Partners, LLC
AUA Private Equity Partners is an operationally focused, lower middle-market investment firm providing strategic capital to companies in the consumer products and services sectors with a particular focus on family-owned businesses or companies benefiting from the growth of the U.S. Hispanic population. AUA Private Equity makes equity investments of $40 to $100 million in companies that generate in excess of $10 million in EBITDA. For more information on AUA Private Equity Partners, please visit www.auaequity.com
About Raymundo’s Food Group, LLC
Raymundo’s Food Group, LLC, a manufacturer and marketer of branded refrigerated snacks with a national distribution footprint in all 50 states. Located in Bedford Park, IL, Raymundo’s operates an 84,000 square foot facility with cooking, filling, and packaging capabilities.
CONTACT
AUA Private Equity Partners
Charles DeVries, Vice President