L Catterton Acquires Kodiak Cakes Positions High-Growth, Better-for-You Food Brand for Continued Expansion and Innovation With a Loyal Following from the Active, Modern Consumer, Company is Poised to Broaden Leadership Across Categories News provided by Share this article PARK CITY, Utah and GREENWICH, Conn., May 25, 2021 /PRNewswire/ -- L Catterton, the largest global consumer-focused private equity firm, today announced that it has acquired Kodiak Cakes ("Kodiak" or the "Company"), a fast-growing food business built on a mission to inspire healthier eating and active living. Terms of the transaction were not disclosed. Kodiak's existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the Company's founders and management team, will continue to own a significant minority stake in the Company going forward.