Private-equity firm has a track record of accelerating the growth of family-owned businesses.
Private equity firm Rotunda Capital Partners focuses on transforming family-founder-owned companies into data-driven platforms that lead to accelerated growth. The firm’s latest investment into family-owned Mama Lycha, the leading provider of branded Latin American foods, was announced this week.
Mama Lycha was founded in 1993 by Luis and Maria Padilla whose goal was to bring Latin American cuisine to the U.S. Now almost 30 years later the company manufactures and distributes over 600 SKUs serving 750+ retail grocery customers and 150+ regional partner distributors across 37 U.S. states and 4 Canadian provinces.
“After an exhaustive search, it was clear that Rotunda was the right partner as we begin this next phase of accelerated growth. Rotunda truly understands our capital needs, our culture, and our commitment to supporting our team, brands and customers,” commented the two co-founders.
Rotunda Capital now in partnership with the Padilla family successfully implements its Rotunda Performance System. They forge a strategic alignment, develop lean processes, and create robust, data-driven infrastructures propelling Mama Lycha forward.
“Mama Lycha represents a unique opportunity to invest in an exceptional business and team that has differentiated itself as a leading authority on Latin American cuisine,” said Dan Lipson, Managing Partner at Rotunda. “Mama Lycha’s history of service and dedication to its partners’ and customers’ success, coupled with its strong and consistent track record of growth, make it an ideal platform investment for Rotunda.”
In addition, Luis Marconi, a longtime executive partner of Rotunda, will become Executive Chairman of the board of Mama Lycha, bringing his insight into family-run companies. He recently headed Grocery Products for Hormel Foods and was President of Megamex Foods, a joint venture of Hormel Foods and Herdez Del Fuerte.
The Padilla family, including the current General Director, Maria Padilla-Gonzalez, will continue to work in the family business. With Rotunda Capital’s help, they will lead the next generation of family business leaders and take the company to the next level of business performance.
