Cuisine Solutions, a world leader and pioneer in the field of Sous Vide Premium Foods, …

Culinary Solutions, Inc.

STERLING, VA and BOSTON, MA, October 11 / PRNewswire /

An investment to accelerate the growth and global expansion of the company as well as further culinary innovation

Cuisine Solutions Inc., a global leader and pioneer in high-quality sous vide products, today announced a $ 250 million investment by Bain Capital to accelerate its growth and global expansion. The minority investment will further strengthen Cuisine Solutions’ sous vide authority, provide additional resources to support accelerated product innovation, and expand the company’s domestic and international operations and global production beyond the United States, France and Thailand.

Cuisine Solutions will continue under the leadership of the existing management team, which is led by the CEO Felipe Hasselmann and chairman Stanisław Vilgrain who still hold a significant stake in the company, while the Vilgrain family retains a controlling interest.

Cuisine Solutions, headquartered in Sterling, Virginia, is the world’s largest sous vide company and a leading culinary innovation partner with offices in North America, Europe, the Middle East and Asia. Recognized by the world’s best chefs and chefs, the company is a leader in production and thinking behind the innovative slow cooking technique that it initiated, perfected and popularized. Cuisine Solutions provides sous vide ready meals to food, catering, military and retail customers worldwide, including Amtrak, Costco, Dunkin ‘, Hilton Hotels & Resorts, Panera and Starbucks and many other industry leaders.

“Our future was bright even before this strategic partnership, but it’s even more exciting now as we see significant opportunities to drive growth and expansion through continual innovation across many product categories,” he said. Hasselman. “We pride ourselves on being at the forefront of the sous vide art and science, which addresses so many challenges our customers face in the kitchen and beyond. This investment will allow us to rapidly expand our global manufacturing infrastructure, business collaboration and strengthen our supply chain to meet the growing demands of our global partners who rely on our products in tens of thousands of locations every day. ”

“My vision in creating Cuisine Solutions was to be the best food innovator and producer in our field, developing world-class partnerships and allowing our reputation to speak for itself through our quality, scale and innovation.” said Vilgrain. “Having a world-class investment firm like Bain Capital supporting our vision demonstrates the success of our original mission and an exciting future for our industry. I am extremely proud of what we have achieved from our humble beginnings in 1990 to the present day, and I look forward to working with Bain Capital to build the leading, innovative food company of the future. ”

“Stanislas, Felipe and the management team have done an excellent job, making Cuisine Solutions a clear leader in the fast-growing sous vide market, recognized by many of the world’s top chefs. The company’s unique range of culinary innovations provides higher quality and consistency, improved food safety and lower costs, which is a win-win for customers in the current macroeconomic environment, ”he said. Cristian Jitianu, managing director at Bain Capital. “We are delighted to be working with Cuisine Solutions and supporting the management team’s development plans while continuing to develop value propositions as the preferred culinary innovation partner for top restaurant, retail, travel and hospitality brands.” added Jeffrey Chung, director of Bain Capital.

Bain Capital has a long history of working with consumer goods, retail and hospitality companies to accelerate growth. The Company’s investments in restaurants, gastronomy and groceries include Advantage Solutions (NASDAQ: ADV), Bloomin ‘Brands (NASDAQ: BLMN), Brakes Group Food Distribution, Burger King (NYSE: QSR), Dessert Holdings, Dunkin’ Brands Inc. and Domino’s Pizza (NYSE: DPZ), Gail’s Bakery, Retail Zoo, Skylark Restaurants, and Valeo Foods.

The transaction is expected to close in Q2 2022 and is subject to customary closing conditions.

Moelis & Company LLC acted as sole financial advisor and sole placement agent, and McDermott Will & Emery acted as legal advisor to Cuisine Solutions in connection with the transaction. BofA Securities acted as financial advisor, and Kirkland and Ellis acted as legal advisor to Bain Capital.

About culinary solutions

Managed by an international team of award-winning chefs, Cuisine Solutions is the world’s leading manufacturer of sous vide products – an innovative, precise slow-cooking technique that the company launched, refined and popularized decades ago. The company, known for its innovation, has introduced sous vide products to the market in a wide range of categories – including proteins, sauces, grain and vegetable products, as well as the extremely popular egg snacks. Your pasteurized sous vide products have a shelf life of 18 months when frozen, 6 days defrosted, and can be prepared in the oven in minutes. This allows catering chefs and home cooks to save time, simplify the complexity of the supply chain, and is an ideal solution that significantly reduces waste and labor costs. Headquartered in Sterling, Virginia, Cuisine Solutions serves more than 22,000 restaurants and 6,000 retailers, as well as major airlines and hotels. Visit www.cuisinesolutions.com for more information.

Information about sous vide

Sous vide – French for “vacuum” – is an innovative cooking technique in which food is vacuum-packed and heated in water until perfectly cooked. In 1971, Dr. Bruno Goussault (who later became the chief scientist at Cuisine Solutions) developed sous vide – A Method to Improve Texture and Taste While Maintaining the Natural Integrity of Cooked Food Dr. Goussault discovered that sous vide – in which food is cooked slowly at a slightly lower temperature than usual in specially formulated, vacuum-sealed bags – resulting in a remarkable improvement in taste and a reduction in food waste compared to traditional cooking methods. Cuisine Solutions’ sous vide expertise – and continual innovation in this field – have enabled the company to consistently produce restaurant quality products by top chefs and discerning gourmets around the world.

About Bain Capital

Bain Capital, LP is one of the world’s leading multi-asset private alternative investment firms with a lasting impact on our investors, teams, companies and the communities we live in. Since our inception in 1984, we have used our knowledge and experience to organically grow across multiple asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of interest. The company has offices on four continents, employs more than 1,300 employees, and manages approximately $ 160 billion in assets. For more information, visit www.baincapital.com.

For the capital of Bain

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Original content from: Cuisine Solutions, Inc., provided by news news

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