AUSTIN, Texas, March 8, 2016 /PRNewswire/ -- Snap Kitchen today announced the appointment of former U.S. Senator Bill Bradley to its Board of Directors and the receipt of an additional growth capital investment from L Catterton, Snap Kitchen Co-Founder Bradley Radoff, as well as CEO David Kirchhoff. L Catterton, which partnered with Snap Kitchen in 2013, is the largest consumer-focused private equity firm in the world. The investment will be used to help support the Company's continued rapid growth as the leader in fresh, healthy take-away meals. Terms of the transaction were not disclosed.
"We are honored Bill Bradley is joining our Board," said Snap Kitchen CEO David Kirchhoff. "Bill brings tremendous achievements, leadership and vision to Snap Kitchen through a truly remarkable career. As the leader in consumer investing, L Catterton has been, and continues to be, our partner of choice, and their strong relationships and network of thought leaders helped bring Bill to our Board. We look forward to expanding our relationship with L Catterton as our brand grows and continues to innovate our culinary offerings."
"Snap Kitchen is a unique concept at the cross-section of multiple trends – convenience, healthy living and sustainability," said Sen. Bradley. "I'm a strong believer in the Company's mission to provide nutritious, high-quality meals to health-conscious consumers. I look forward to working closely with fellow Board members and the management team to support the Company's growth and expansion into new markets."
Jon Owsley, a Managing Partner at L Catterton said, "We are privileged and delighted to have Senator Bradley joining the Board of Snap Kitchen. His leadership, diversity of experience and expertise in working with emerging and high-growth companies make him a powerful addition to the Snap Kitchen family. L Catterton is also excited to continue our support for Snap Kitchen, a company that distinguishes itself in the field of exceptionally fresh, healthy and convenient take-away meals and snacks."
Bill Bradley Bio
Senator Bradley has served as a board member of the Starbucks Corporation since 2003 and was the Chief Outside Advisor to McKinsey & Company's non-profit practice from 2001 - 2004. From 1997 – 1999, he was a Senior Advisor and Vice Chairman of the International Council of JP Morgan & Co., Inc. During that time, he also served as an essayist for CBS evening news, a visiting professor at Stanford University, Notre Dame University and the University of Maryland. Senator Bradley served in the U.S. Senate from 1979 – 1997 representing the state of New Jersey. In 2000, he was a candidate for the Democratic nomination for President of the United States. Prior to serving in the Senate, he was an Olympic gold medalist in 1964 and a professional basketball player with the New York Knicks from 1967 – 1977, during which time they won 2 NBA championships. Senator Bradley holds a BA degree in American History from Princeton University and an MA degree from Oxford University where he was a Rhodes Scholar. He has authored five books on American politics, culture and the economy.
About Snap Kitchen
Austin, TX-based and founded in 2010, Snap Kitchen currently operates over 40 stores in Austin, Dallas, Houston, Chicago and Philadelphia, supported by company operated kitchens that prepare flavorful, handcrafted prepared meals made with a commitment to locally sourced and organic ingredients and healthy cooking. Ninety-nine percent of the menu is gluten free with a vast selection of vegetarian, vegan, paleo, dairy free, carb conscious and sodium conscious options.
Snap Kitchen was recognized by Nation's Restaurant News February 2014 as one of the nation's top "Breakout Brands" and selected as one of Nation's Restaurant News 2014 Hot Concepts award recipients.
About L Catterton
L Catterton, formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault, is the largest consumer-focused private equity firm in the world. Since its founding in 1989, Catterton has leveraged its category insight, strategic and operating skills, and network of industry contacts to establish one of the strongest private equity investment track records in the middle market. L Catterton builds on this heritage and the strong track record of LVMH and Groupe Arnault's existing European and Asian private equity and real estate operations, conducted under the L Capital and L Real Estate franchises. L Catterton invests in all major consumer segments, including: Food and Beverage, Retail and Restaurants, Beauty and Wellness, Fashion and Accessories, Consumer Products and Services, Consumer Health, and Media and Marketing Services, as well as real estate projects anchored by luxury retail. L Catterton's investments include: Peloton, Restoration Hardware, CorePower Yoga, Sweaty Betty, Outback Steakhouse, Plum Organics, CHOPT Creative Salad Company, Mendocino Farms, Noodles & Company, PIADA, Hopdoddy, Vroom, Snap Kitchen, Frederic Fekkai, PIRCH, Build-A-Bear Workshop, Wellness pet food, Nature's Variety pet food, Kettle Foods, Odwalla, P.F. Chang's, Ba&sh, Sandro and Maje, CellularLine, Vicini / Zanotti, Cigierre, Gant, Nutrition and Sante, Pepe Jeans & Hackett, 2XU, Charles & Keith, Marubi, Bateel, Sasseur, Emperor Watch and Jewelry, Miami Design District and G6 in Ginza - Tokyo, to name a few. More information about L Catterton can be found at lcatterton.com.
Snap Kitchen Contacts:
512-428-4000 ext. 4024
L Catterton Contacts:
Andi Rose / Julie Oakes / Andrew Squire
Joele Frank, Wilkinson Brimmer Katcher
SOURCE Snap Kitchen; L Catterton