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Advised by Cascadia Capital, Kenex Holdings & Breslow Forsythe Group Acquires Bubbies Homemade Ice Cream
- Date February 1, 2017
- Transaction type Acquisition
- Industry Consumer Goods
Kenex Holdings, 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.”
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