December 22, 2021
Pittsburgh, PA – December 22, 2021: Tail End Capital Partners (“Tail End”) completed a GP-led secondary investment into a continuation fund vehicle managed by LaSalle Capital (“LaSalle”). LaSalle, based in Chicago, is a leading lower middle market buyout firm focused on investments in the food and beverage sector.
LaSalle moved two assets, Fresh Origins and Westminster Foods, out of an older fund and into a continuation pool to provide more time to grow the companies. The continuation fund enables LaSalle to extend its ownership of the two assets, both of which are leaders in their respective niches. Fresh Origins is the largest grower of microgreens and edible flowers in North America and Westminster Foods is a leading manufacturer of better for you baked goods including oyster crackers, saltines, cookies and snack crackers.
Jeff Walters, co-founder and Partner at LaSalle commented, “We are very appreciative of our existing investors’ continued support and are excited to work with our new investment partners. Both portfolio companies have tremendous growth potential, and we are excited to continue to create new value for our investors through this new vehicle.” David Murav, Partner at LaSalle said, “This new capital will allow us to invest in facility expansions, increased automation and marketing and new product development initiatives at both companies, which will lead to enhanced shareholder value.”
“Tail End is excited to participate in this transaction with a high-quality GP like LaSalle to allow more time and investment capital to maximize the value of two great companies – Fresh Origins and Westminster” said Paul Cohn, Managing Partner of Tail End.