Trilantic North America Congratulates Vital Farms on IPO
Trilantic North America, a leading private equity firm, congratulates Vital Farms (the “Company”) on its recent IPO (NASDAQ: VITL). The Company, the largest national provider of pasture-raised and ethically produced eggs, received a minority growth investment from Sunrise Strategic Partners (“Sunrise”), an accelerator of emerging brands in the healthy, active and sustainable living space co-founded by Steve Hughes and Trilantic North America, in 2017. Following strong growth over the duration of its partnership with Sunrise, Vital Farms went public through an IPO in early August, offering 10.7 million shares (including a full exercise of the underwriters’ allotment) to raise $235.4 million.
“We are proud to congratulate the entire Vital Farms team on the success of their public market debut,” said Jamie Manges, Partner at Trilantic North America. “This milestone validates Vital Farms’ early vision that ethically produced food businesses are resonating with a growing set of both consumers and investors, and we look forward to seeing what it accomplishes in its next chapter as a public company.”
Vital Farms represents Trilantic North America’s seventh investment through Sunrise Strategic Partners, which has provided capital to 11 emerging brands since 2016.
Mariel Seidman-Gati
Prosek Partners
Tel: 646-818-9013
Email: mseidman-gati@prosek.com
Oct 05, 2020
New York, NY
Mariel Seidman-Gati
Prosek Partners
Tel: 646-818-9013
Email: mseidman-gati@prosek.com
Trilantic Capital Management L.P. (“Trilantic North America”) is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer and energy sectors. Trilantic North America has managed six private equity fund families with aggregate capital commitments of $9.7 billion.
For more information, visit www.trilanticnorthamerica.com.
About Trilantic North America
Vital Farms, a Certified B Corporation, offers a range of ethically produced pasture-raised food products nationwide. Started on a single farm in Austin, Texas in 2007, Vital Farms is the leading U.S. brand of pasture-raised eggs and butter by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. Vital Farms also prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' pasture-raised products, including shell eggs, butter, hard-boiled eggs, ghee and liquid whole eggs, are sold in approximately 13,000 stores nationwide.
About Vital Farms