Consumer, Restaurant & Retail
In our most recent transaction, Equity Risk Partners led the insurance due diligence for Alliance Consumer Growth's investment in Cookie Chips. As part of the transaction, Equity Risk worked with the Cookie Chips management team and Alliance Consumer Growth to implement a new Property, Casualty, Executive Liability, and Employee Benefits insurance program.
Company: Launched in 2012 by accomplished pastry chef (and Mom), Joanne Adirim, Cookie Chips makes thin, crunchy, delicious snackable cookies. The Company currently sells an assortment of six core flavors (Original, Chocolate Chip, Dark Chocolate Chocolate Chip, Cinnamon Sugar, Sea Salted Peanut Butter and Oatmeal Raisin), three gluten free flavors (Chocolate Chip, Lemon Sugar and Snappy Ginger), and two seasonal flavors (Gingered Gingerbread and Harvest Pumpkin).
Investor: Alliance Consumer Growth, with offices in New York and Los Angeles, is a leading growth equity fund which provides capital and value-added partnership to the most promising emerging consumer product and retail brands. Notable brands that ACG has successfully partnered with include barkTHINS (subsequently acquired by The Hershey Company), Shake Shack (subsequently completed an IPO as NYSE: SHAK), Suja Juice (ACG's stake was subsequently acquired by The Coca-Cola Company), KRAVE Jerky (subsequently acquired by The Hershey Company), EVOL Foods (subsequently acquired by Boulder Brands), Babyganics, Cookie Chips, NUDESTIX, PDQ Restaurants, Tata Harper Skincare, Tender Greens, Way Better Snacks, The Honest Kitchen, and Kriser's Natural Pet.
If you would like more information please contact Luke Parsons at firstname.lastname@example.org or (415) 874-7137.