Butterfly, a Los Angeles-based private equity firm specializing in the food sector, has reached an agreement to partner with Chosen Foods LLC, which supplies avocado oil and avocado-based kitchen staples including cooking sprays, mayonnaises, dressings, simmer sauces, guacamole, and salsa. Butterfly will own a majority stake in the business. The terms of the transaction were not disclosed.
Butterfly has significant experience in food, across agriculture, aquaculture, food and beverage products, food distribution, and foodservice and its leadership team has been involved in investing more than $10 billion of equity capital in companies ranging from growth-stage to Fortune 500 enterprises. Chosen Foods is Butterfly’s latest investment within its “seed to fork” strategy.
Chosen Foods is an avocado-centric brand that brings sustainably sourced, high-quality avocado products to families nationwide. Chosen Foods’ flagship product is its refined avocado oil made from ripened avocados.