TM Capital, a leading middle market investment banking firm with offices in New York, Boston and Atlanta, served as exclusive financial advisor to Tate’s Bake Shop, a leading marketer of premium branded baked goods, in its recapitalization with The Riverside Company, a global private equity firm with more than $4.6 billion of capital under management. Cookie Settings | (212) 809-1360. Sitemap | Tate’s Bake Shop Sold to Manhattan Investment Firm September 2014 | News & Press TM Capital’s role in the Recapitalization of Tate’s Bake Shop with The Riverside Company is featured in Newsday. King sold Tate's for $100 million to the Riverside Company, a private equity firm, but kept a minority stake. (617) 259-2200, 641 Lexington Avenue The deal includes Tate's, which has manufacturing facilities in East Moriches, and its sister companies, Tate's Wholesale LLC, Cookie Commissary LLC, and Kathleen N. King Inc. 32nd Floor Help, There's a reason for New York to be hopeful, Popular LI baker opens storefront specializing in stuffed cookies, LIRR engineer still on payroll after move to North Carolina, report says, Knicks' Toppin show off skills in first preseason game. Tate's Bake Shop General Information Description. Tate's Bake Shop Inc., an upscale Southampton cookie maker, has sold a majority stake to a private equity firm -- one of whose partners discovered its cookies before investing in the company. Tate's, the once humble bake shop in the Hamptons, is being sold for $500 million to Mondelez International Inc., the snack food giant that makes Oreos cookies and Ritz crackers. New York, NY 10022 Tate's Bake Shop provides gourmet homemade baked goods and health food items such as cookies, pies, cakes, bars, muffins, tea loaves, brownies, and more. Terms of service | 201 Washington Street California Privacy Rights | Mondelez, the owner of Oreo and Chips Ahoy, plans to buy Tate's Bake Shop to bring some "craft baked goods" to its cookie lineup. TM Capital professionals regularly publish targeted research regarding current industry, market and financing trends. Tate's Bake Shop in Southampton on July 14, 2012. Credit: Ian J. Stark. “It’s easy for me to do,” Kathleen says, “because that’s who I am.” 1 chocolate chip cookie, recently sold to Mondolēz International for $500 million. Mondelez just bought the brand. Tate's is known for its natural-baked cookies, cakes, brownies and pies. Alan Peyrat, a partner at Riverside who spearheaded the deal, said Tate's founder Kathleen King and her management team would keep running the business with about 200 employees. 32nd Floor Peyrat said Riverside, unlike other private equity firms that seek to repair distressed companies, pursues "the best companies in their niches" and seeks to help them grow faster. Financial details of this transaction have not been disclosed. Promenade Suite 550 COVID update: Tate's Bake Shop has updated their hours, takeout & delivery options. Producer of bakery and confectionery products intended to offer all-natural and authentic gourmet foods. The founder of Tate's Bake Shop, Inc. (Tate's) has sold the company to The Riverside Company. Tate's products include its signature thin, crispy chocolate chip cookies and a growing line of gluten-free baked goods. The deal includes Tate's, which has manufacturing facilities in East Moriches, and its sister companies, Tate's Wholesale LLC, Cookie Commissary LLC, and Kathleen N. King Inc. Their baked goods are distributed across the country. I likely first heard of Tate’s Bake Shop — the cookie company Oreo maker Mondelez International just bought for a cool $500 million — because either Martha Stewart or … 1 chocolate chip cookie, recently sold to Tate's Bake Shop, Inc. produces and supplies bakery products. Tate's Bake Shop. Get Directions Private equity firm The Riverside Co. of Cleveland said it has made an investment in Tate’s Bake Shop Inc. of Southampton, N.Y., a maker of gourmet cookies and baked goods such as cakes, brownies and pies.. Riverside didn’t disclose the size of the investment in Tate’s Bake Shop. Your ad choices | (404) 995-6230, One Boston Place Tate's Bake Shop, home to America's No. A financial news service owned by Thomson Reuters, peHUB, quoted a source who put the price at about $100 million. Handcrafted cookies, pies, brownies, and gifts. Tates Bake Shop. AMANDA BERNOCCO. "My family loved it," he said. 5 Photos. Founded in 2000 and based in Southampton, New York, Tate's … Tate's Bake Shop To Sell For $500M - Southampton, NY - "Providing an authentic, delicious indulgence has been at the heart of Tate's Bake Shop" since Kathleen King first opened her storefront. Reprints & permissions | The company produces all-natural baked cookies, cakes, brownies, pies, dessert bars, blondies, and fresh-baked raspberry pie including gluten-free offerings to its customers. Reviews from TATE'S BAKE SHOP employees about TATE'S BAKE SHOP culture, salaries, benefits, work-life balance, management, job security, and more. Get Directions TM Capital’s role in the Recapitalization of Tate’s Bake Shop with The Riverside Company is featured in Newsday. Find a store location with our cookies near you. By clicking Sign up, you agree to our privacy policy. "She's going to continue to do the things she's focused on in the past, product development and quality," he said. "She continues to be the face and the spirit of the brand.". 1230 Peachtree Street NE The latest LI business news in your inbox Monday through Friday. Home of America's #1 chocolate chip cookie! Mondelez ( MDLZ ) , the owner of Oreo, Chips Ahoy and Ritz Crackers, plans to buy Tate's Bake Shop for $500 million. Tate’s Bake Shop To Be Sold For Nearly $500 Million. Source: NEWSDAY Tate's Bake Shop: Tate's Bake Shop sold to Manhattan investment firm Tate's Bake Shop Inc., an upscale Southampton cookie maker, has sold a majority stake to a private equity firm -- one of whose partners discovered its cookies before investing in the company. Expands portfolio of brands that consumers love; Provides entry into the fast-growing premium cookie segment; DEERFIELD, Ill., May 06, 2018 (GLOBE NEWSWIRE) -- Mondelēz International today announced an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate’s Bake Shop for approximately $500 million. Other investments by Riverside include California-based dating service It's Just Lunch, and Crioestaminal, a Portuguese company that preserves umbilical cord stem cells for possible future medical use. Private equity firm Riverside Co., with co-headquarters in Manhattan and Cleveland, declined to provide terms of the deal. Peyrat said he encountered Tate's thin, crispy cookies when his children needed a snack as they went surfing during a vacation at Huntington Beach, California. Kayden Mulvaney, left, and Skyler Daugherty read their books in the East Quogue reading garden. About Us | Invested September 2014 ... Growth Stories are not intended to be illustrative for investment purposes and should not be relied upon for investment decision making. Subscription terms | Tate's Bake Shop Inc., an upscale Southampton cookie maker, has sold a majority stake to a private equity firm -- one of whose partners discovered its cookies before investing in the company. 82K likes. Get Directions ... Sold to Mondelez International, one of the largest snack companies in the world. Contact Newsday | Tate's Bake Shop's top competitors are Brownie Brittle, Pacific Cookie and Tiff’s Treats Holdings, Inc.. See Tate's Bake Shop's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. The investment comes through the Riverside Micro-Cap Fund III, which has $350 million in equity. 231 reviews of Tate's Bake Shop "Tate's is, and has been, the best bakery on the East End for years. "I was already predisposed to the company" when an investment proposal "landed on my desk.". The Riverside Company has agreed to sell Southampton, New York-based Tate’s Bake Shop, a premium cookie and baked goods provider, to Mondelēz International Inc for about $500 million. Advertise with Newsday | Oreo owner buys Tate's Bake Shop Oreo has a sweet tooth for Tate's cookies. Tate's baked goods are distributed through supermarkets and specialty stores in more than 40 states, according to the company website, but Peyrat said Riverside plans to expand distribution channels and consider advertising. The Company offers country farm baskets, cookies, towers, pies, chocolates, brownies, and other bakery products. Tate's Bake Shop, Inc. has been acquired by The Riverside Company. Tate's Bake Shop Inc., an upscale Southampton cookie maker, has sold a majority stake to a private equity firm -- one of whose partners discovered its cookies before investing in the company. Mondelēz International today announced in May this year an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate's Bake Shop for approximately $500 million. Manhattan-based TM Capital Corp. was hired by Tate's to seek buyers, and Riverside was advised by law firm Jones Day and consultancy Deloitte LLP. Tate’s Bake Shop was founded in 2000 and is based in Southampton, New York, United States. Tates Bake Shop's annual revenues are $10-$50 million (see exact revenue data) and has 100-500 employees. Janette Pellegrini/Getty ImagesKathleen King, founder of Tate's Bake Shop.Tate's Bake Shop, home to America's No. Tate’s Bake Shop – Growth Story. Mondelēz to buy Tate’s Bake Shop May 17, 2018 Mondelēz International has reached an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate’s Bake Shop for approximately $500 million. Boston, MA 02108 Privacy Policy | Mondelēz International, the owner of Oreo, Chips Ahoy, and Ritz Crackers, will purchase US-based cookie maker Tate’s Bake Shop for $500m. Tate’s Bake Shop’s signature thin, crisp cookies and all-natural baked treats have earned them a devoted following nationwide. Named after her father, Tate King, Tate’s Bake Shop is a widely recognized brand, sold in key gourmet retail stores across the country; but simple, down-home Americana is at the heart of Tate’s. Our crat baked goods are sold at a variety of stores nationwide. Tate's is "the best packaged-cookie company in the United States," said Peyrat, who used a research firm to conduct consumer taste tests before committing Riverside's money. In 2006, King struck a deal with Empire State Development to receive tax credits and other benefits for committing to hire 50 workers by 2012. It is classified as operating in the Bakeries & Baked Goods Stores industry. If Tate’s Bake Shop doesn’t ship to your country then you need to ship your item(s) to a U.S. package forwarder who will then ship your package to your international location. Atlanta, GA 30309 Their oatmeal raisin cookies are my personal favorite, and they keep adding more delicious varieties than I'm able to keep track of. The deal Our recommendation is MyUS.com because we’ve shipped more than 1,000 packages with six different package forwarders and MyUS has the lowest rates, is tax-free, and is the most popular U.S. shipping forwarder by far. 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