Private equity firm Frontenac Co., which recently closed a new fund, has recapitalized pet products company Cloud Star Corp.
The San Luis Obispo, California target sells natural treats, grooming products and other merchandise for cats and dogs. The investment from Frontenac is expected to increase product development. Olivier Amice, previously CEO of Royal Canin USA and Furminator, has been named CEO of Cloud Star.
Frontenac has made investments in several food companies, include Alfalfa's Market, Chiptle, Health Valley Foods, Levy Restaurants, Mercer Foods and Wenner Bread Products. Cloud Star is Frontenac's third investment from the firm's new fund, which closed in July with $250 million in committed capital.
The firm previously invested from the fund in Portfolio General Management Group, a provider of outsourced financial services to automobile dealerships; and Ohio Transmission Corp., a distributor of industrial pumps, fluid power, power transmission, bears and other products.
SDR Ventures Inc. is Cloud Star's financial adviser, while Winston & Strawn LLP provided legal counsel to Frontenac.
In another recent pet food deal, J.H. Whitney Capital Partners agreed to buy C.J. Foods Inc. in June.