Expense to Speed up Company’s Progress and Worldwide Expansion and Drive Further more Culinary Innovation
Sterling, VA and Boston, MA – June 6, 2022 – Cuisine Remedies Inc., the international chief and pioneer in sous vide high quality foods, currently introduced a $250 million investment from Bain Cash to accelerate its progress and world-wide growth. The minority expense will additional set up Cuisine Solutions’ authority in the sous vide class, offer further assets to assist accelerated product innovation, and expand its enterprise domestically and internationally as effectively as the company’s world production footprint over and above the United States, France, and Thailand.
Delicacies Solutions will keep on to operate underneath the management of the current administration workforce, led by Main Executive Officer, Felipe Hasselmann, and Chairman, Stanislas Vilgrain, who stay substantial proprietors in the small business, in addition to the Vilgrain family members retaining a controlling interest.
Headquartered in Sterling, Virginia, Cuisine Answers is the premier sous vide corporation in the entire world and a leading culinary innovation associate, with spots in North The us, Europe, the Center East, and Asia. Acknowledged by the world’s best cooks and kitchens, the business is the production and thought leader on the impressive gradual-cooking system that it pioneered, perfected, and popularized. Cuisine Remedies delivers prepared sous vide meals products to food stuff support, on-board, army, and retail buyers around the world which includes Amtrak, Costco, Dunkin’, Hilton Accommodations & Resorts, Panera, and Starbucks among the many other sector leaders.
“Our long run, even though bright prior to this strategic partnership, is now even far more interesting as we see sizeable runway to travel development and enlargement via continued innovation throughout various solution groups,” said Hasselmann. “We are proud to be the chief in the art and science of sous vide, which is the answer to so a lot of of the difficulties our consumers face inside of and outside the house of the kitchen area. This expenditure will allow us to rapidly scale our worldwide production infrastructure, company partnerships, and fortify our source chain, thereby creating supplemental scale to meet up with the rising requirements of the world wide associates who rely on our solutions just about every working day across tens of thousands of areas.”
“My vision when founding Cuisine Solutions was to be the most effective innovator and food stuff producer in our room, acquire best-in-course partnerships, and have our name talk for by itself by means of our good quality, scale, and innovation,” said Vilgrain. “To have a world-course expenditure firm of Bain Capital’s caliber aid our eyesight speaks to the achievement of our authentic mission and to the fascinating upcoming of our sector. I am particularly very pleased of our accomplishments from our humble begin in 1990 to nowadays and am searching forward to making together with Bain Funds a major, revolutionary foods enterprise of the future.”
“Stanislas, Felipe, and the administration team have done an superb job setting up Delicacies Answers into a crystal clear chief in the speedy-developing sous vide market place that is regarded by several of the world’s best cooks. The company’s distinctive range of culinary improvements offer better excellent and consistency, superior foods protection, and reduced prices, which is a earn-earn for their prospects in the current macroeconomic environment,” said Cristian Jitianu, a Controlling Director at Bain Money. “We are fired up to partner with Cuisine Methods and aid the management team’s progress ideas although more enhancing the price proposition as the preferred culinary innovation companion to blue-chip cafe, retail, vacation, and hospitality makes,” extra Jeffrey Chung, a Director at Bain Money.
Bain Money has a prolonged background of partnering with corporations in the consumer, retail, and restaurant industries to speed up expansion. The firm’s cafe, meals services, and grocery-connected investments have included Advantage Answers (NASDAQ: ADV), Bloomin’ Brand names (NASDAQ: BLMN), Brakes Team Food Distribution, Burger King (NYSE: QSR), Dessert Holdings, Dunkin’ Models Inc., Domino’s Pizza (NYSE: DPZ), Gail’s Bakery, Retail Zoo, Skylark Dining establishments, and Valeo Meals.
The transaction is predicted to near throughout the 2nd quarter of 2022 and is subject to customary closing disorders.
Moelis & Organization LLC acted as exclusive money advisor and sole placement agent and McDermott Will & Emery acted as lawful advisor to Cuisine Remedies in connection with the transaction. BofA Securities served as financial advisor and Kirkland and Ellis served as lawful advisor to Bain Funds
About Cuisine Solutions
Led by an global staff of award-profitable chefs, Cuisine Remedies is the world’s foremost producer of sous vide goods — the revolutionary, specific gradual-cooking method the Organization pioneered, perfected, and popularized decades ago. Renowned for its innovation, the Organization has released sous vide products and solutions throughout a extensive spectrum of groups – together with proteins, sauces, grain and plant-primarily based items, and its vastly popular egg bites. Their pasteurized sous vide products offer 18 months shelf everyday living frozen, six times when defrosted, and can be oven completed in mere minutes. This lets food assistance and household cooks to conserve time, simplify the complexity of any supply chain worries, and is a best option to considerably reduce squander and labor expenditures. Headquartered in Sterling, Virginia, Cuisine Options products and services far more than 22,000 places to eat and 6,000 shops, as effectively as significant airlines and hotels. For much more information, visit www.cuisinesolutions.com.
About Sous Vide
Sous vide – French for “under-vacuum” – is an modern cooking technique in which food is vacuum sealed and heated in drinking water right until cooked to perfection. In 1971, Dr. Bruno Goussault (who would afterwards become Main Scientist at Cuisine Solutions) made sous vide as a way of improving the texture and flavor, though retaining the all-natural integrity of cooked meals. Dr. Goussault found out that the sous vide strategy – whereby food items is slowly and gradually cooked at slightly-decrease-than-common temperature in specifically built, vacuum sealed pouches – resulted in noteworthy taste improvement and a reduction in foods shrinkage as opposed to traditional cooking solutions. Delicacies Solutions’ heritage in sous vide – and its ongoing innovation in the science – has permitted the Organization to continuously supply restaurant-top quality items that are dependable and favored by best cooks and discerning foodies all over the planet.
About Bain Money
Bain Capital, LP is just one of the world’s primary private multi-asset option financial investment corporations that creates lasting affect for our traders, teams, companies, and the communities in which we dwell. Due to the fact our founding in 1984, we’ve used our perception and encounter to organically extend into a lot of asset classes including personal fairness, credit rating, general public equity, undertaking money, genuine estate and other strategic spots of aim. The agency has offices on 4 continents, additional than 1,300 employees and about $160 billion in assets below administration. To find out a lot more, visit www.baincapital.com.