Wind Point Partners’ Investment in Tropicale Foods

Winston & Strawn LLP represented Wind Point Partners in the deal

Wind Point Partners, a Chicago-based private equity firm, has partnered with Tropicale Foods. Based in Ontario, California, Tropicale is a leading manufacturer of frozen novelty products under the Helados Mexico brand. The Company produces an assortment of traditional Hispanic offerings, including paletas, bolis and mangonada cups, which are sold in a variety of flavors and pack sizes. Tropicale’s products are sold nationwide at multi-outlet retailers, convenience stores and traditional grocery outlets.

Tropicale was founded in 1999. The Company’s founders began manufacturing traditional authentic paletas and selling them up and down the street out of their own ice cream push carts. Since those humble beginnings, Tropicale has grown into the leading Hispanic frozen novelty brand in the U.S. Post-transaction, the founders will remain involved in the go-forward operation as they seek to continue to grow the Helados Mexico brand in close partnership with the Wind Point team.

Winston & Strawn LLP advised Wind Point Partners with a team including Brian Schafer (Picture), Peter Clarke, Scott Englert, Sharon Mori, Lindsay Shake, Robert Heller and Kristan Laden.

Involved fees earner: Sharon Mori – Willkie Farr & Gallagher; Peter Clarke – Winston & Strawn; Scott Englert – Winston & Strawn; Robert Heller – Winston & Strawn; Kristan Laden – Winston & Strawn; Brian Schafer – Winston & Strawn; Lindsay Shake – Winston & Strawn;

Law Firms: Willkie Farr & Gallagher; Winston & Strawn;

Clients: Wind Point Partners;

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Author: Ambrogio Visconti