, a family office based in Chicago, has acquired Bubbie's Homemade Ice Cream & Desserts, Inc. as a result of a connection made on Axial. This is Kenex’s second investment in the frozen sector following its acquisition of Imperial Frozen Foods in 2014.
Breslow Forsythe Group
, another Chicago-based family office and fellow Axial member, co-invested in the deal. Seattle-based Cascadia Capital
serviced as financial advisor to Bubbies.
Bubbies, known for its popular mochi ice cream, rose to fame after being offered in dozens of well-known restaurants nationwide and garnering the attention of television show mogul and part-time Maui resident Oprah Winfrey
, who added the ice cream to her coveted list of favorite things in the June 2006 issue of “O, The Oprah Magazine.”