Houlihan Lokey Advises FlavorSum

Houlihan Lokey’s Consumer Group is pleased to announce that FlavorSum LLC, a portfolio company of The Riverside Co. (Riverside), has entered into a definitive agreement to be acquired by Warburg Pincus LLC.

This deal represents another successful transaction for Houlihan Lokey in the specialty ingredients space.

FlavorSum develops and manufactures custom natural liquid flavors, extracts, and flavor systems for food and beverage applications, primarily serving high-growth, disruptive brands. With core competencies in R&D and application support, the company offers its customers standout flavor formulation capabilities combined with industry-leading service and reliability.

Riverside is a global investment firm focused on being one of the leading private capital and credit options for business owners and portfolio company employees at the smaller end of the middle market. By seeking to fuel transformative growth and create lasting value, Riverside has made more than 1,000 investments since its founding in 1988. The firm’s current international private equity and flexible capital portfolios include more than 140 companies.

Warburg Pincus is the pioneer of global growth investing in private equity. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and over 220 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Houlihan Lokey is serving as the lead financial advisor to FlavorSum and is assisting in structuring and negotiating the transaction on its behalf.

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