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Apr 2024 | California
Icing on the Cake Acquired by a Private Investor
We are pleased to announce the sale of our client, Icing on the Cake, to a Private Investor. The transaction closed February 29, 2024.
Located in Los Gatos, California, Icing on the Cake (IOTC), is an ultra-premium, made-from-scratch retail dessert bakery, including sale of gifts, greeting cards and seasonal merchandise. With nearly 40 years in the market, IOTC holds a dominant market share, and is a beloved and iconic local institution and a regional destination thanks to its considerable brand equity and appeal of its carefully curated social media presence.
Generational Group Executive Managing Director, M&A – Western Region, Lori Galloway, and her team led by Senior Vice President, M&A, Amy Wall closed the transaction. Executive Managing Director, Tom Braun established the initial relationship with Icing on the Cake.
“Icing on the Cake is a beloved business in Los Gatos, built by Lynn over three decades. The community is thrilled that the business will continue on,” said Wall.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Food, Beverage & Consumer Products/Services page.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Retail page.
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