Harris Williams Advises on Indulge Desserts Transaction

Harris Williams, a global investment bank specializing in M&A advisory services, announced that it advised Indulge Desserts Intermediate Holdings, LLC (Indulge Desserts), a portfolio company of AUA Private Equity Partners, LLC (AUA Private Equity), on its sale to Emmi Group (Emmi). Indulge Desserts is a manufacturer of premium gourmet desserts, offering a full line of American and international, all-natural products to the foodservice and retail markets across the US. The transaction was led by Tim Alexander, Brant Cash and Brant Wilczek of the Harris Williams Consumer Group and Andreas Poth of the firm’s Frankfurt office.

“Indulge Desserts is known for its globally inspired dessert offerings and innovative spirit, and has found an ideal partner in Emmi,” Brant Cash, a managing director at Harris Williams said. “We are excited to have had the opportunity to facilitate this strategic partnership, in a deal that extends our successful track record advising clients in the baking industry.”

Indulge Desserts brings together four Greater New York area companies specializing in the production of premium gourmet desserts: Taste it Presents, Cannoli Factory, Love & Quiches and Joey’s. This platform enables Indulge Desserts to offer its customers – in the foodservice sector, retail and e-commerce segments – a comprehensive range of American and international desserts. The activities of the company are spread across four manufacturing facilities in the New York metropolitan area.

AUA Private Equity is a New York based, operationally-focused, lower-middle market investment firm providing strategic capital to companies in the consumer products and services sectors with a particular focus on family-owned businesses or companies benefiting from the growth of the US Hispanic population. AUA Private Equity makes equity investments of USD20 to USD75 million in companies that generate in excess of USD5 million in EBITDA. Emmi is a major Swiss milk processor. The company dates back to 1907, when it was founded by 62 dairy farming cooperatives around Lucerne. Over the past 20 years, Emmi has grown into an international, listed group. It has for many years pursued a successful strategy based on three pillars: strengthening its Swiss domestic market, international growth and cost management. Throughout its corporate history, Emmi’s keen awareness of its responsibility to society, animal welfare and the environment has been fundamental to its mission.