Butterfly’s Investment in Chosen Foods

Kirkland & Ellis represented Butterfly in the transaction, while Davis Polk & Wardwell represented Chosen Foods.

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, executed its investment in Chosen Foods LLC, a leader in avocado-based food products. Terms of the transaction were not disclosed.   

Butterfly will own a majority stake in the business, and this transaction represents Butterfly’s latest investment within its “seed to fork” strategy.

Headquartered in San Diego, Chosen Foods is an avocado-centric brand that brings sustainably sourced, high-quality avocado products to families nationwide.

Butterfly Equity is a Los Angeles, California-based private equity firm specializing in the food sector, spanning the entire food value chain from “seed to fork” via four target verticals: agriculture & aquaculture, food & beverage products, food distribution and foodservice. 

The Kirkland team was led by corporate partner Ravi Agarwal (Picture) and associates Christopher Burwell and Zahraa Hadi with support from corporate partner Sean Rodgers, debt finance partners Melissa Hutson and Ben Steadman, tax partners Dean Shulman and Timothy Campany, and technology & IP transactions partner Adam Petravicius and associate Bernadette Coppola. 

Involved fees earner: Ravi Agarwal – Kirkland & Ellis; Christopher Burwell – Kirkland & Ellis; Timothy Campany – Kirkland & Ellis; Bernadette Coppola – Kirkland & Ellis; Zahraa Hadi – Kirkland & Ellis; Melissa Hutson – Kirkland & Ellis; Adam Petravicius – Kirkland & Ellis; Sean Rodgers – Kirkland & Ellis; Dean Shulman – Kirkland & Ellis; Ben Steadman – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Butterfly Equity LLC;

Author: Martina Bellini