Dessert Holdings, a premium dessert company and portfolio company of Bain Capital Private Equity, has acquired Steven Charles, a maker of gourmet desserts for foodservice and retail customers.

The deal will give SC a platform and resources in order to continue to develop dessert products at enhanced scale for its blue-chip customer base. The firm is known for its culinary innovation and development of signature desserts from high-quality ingredients for restaurant and retail customers.

The deal is complementary to Dessert Holdings’ portfolio of dessert companies and brands as SC joins The Original Cakerie, Lawler’s and Atlanta Cheesecake Company.

“As the leading premium desserts platform in North America, we are investing behind category-defining dessert manufacturers like Steven Charles to help them reach their full potential,” said Paul Lapadat, CEO of Dessert Holdings. “Steven Charles has a heritage of creating and commercializing award-winning desserts and that commitment to excellence in innovation and service has fostered long-standing relationships with a number of the leading foodservice and retail operators in North America.”

Barclays also served as lead financial advisor, PwC served as accounting advisor, and Ropes & Gray LLP as legal advisor to Dessert Holdings. Houlihan Lokey served as financial advisor, and Davis Graham & Stubbs LLP served as legal advisor to Steven Charles.