Jeni's Announces Private-Equity Investment
Jeni’s Splendid Ice Creams will get some financial help. The ice cream maker reports a private-equity firm will invest in the central Ohio company.
In an online post, Jeni’s founder Jeni Britton Bauer wrote a Boston private-equity firm will help finance Jeni’s vision for the business’ future.
Castanea Partners becomes the sole outside investor and will become a partial owner of the ice cream company.
Jeni’s had been in talks with Castanea for more than two-and-a-half years.
Britton Bauer said the firm is “invested in us—in our company, our culture, our people, and our mission.” She wrote the company is focused on revolutionizing the quality of ice cream, calling Castanea “the financial partner of [Jeni’s] dreams.”
Jeni’s did not disclose the terms of the deal.
Last year, the ice cream company battled back from two Listeria contaminations which prompted a recall and production shutdown.