GREENWICH, CONN. — Private equity firm North Castle Partners announced it has made an investment in Maya Kaimal Foods L.L.C., a maker of Indian-inspired foods. Maya Kaimal’s products include shelf-stable sauces, condiments and ready-to-eat dals and rices. Financial terms of the investment were not disclosed.
Founded by cookbook author Maya Kaimal and inspired by family recipes, Maya Kaimal Foods’ products have been created with a goal of transforming traditional Indian flavors into modern culinary experiences.
“We are proud to partner with Maya and her team,” said Alison Minter, managing director at North Castle. “The Maya brand stands for high quality products and ingredients, authenticity, innovation and great-tasting products. We believe this business has significant growth potential as the macro trends of consumers looking to expand their flavor profile and at-home convenience drive the overall category.”
Ms. Kaimal said she is “delighted” to be partnering with North Castle.
“After many years of being on our own, my husband and I were ready for a partner, and this felt like a great fit,” she said. “We share a vision for expanding the brand and taking Indian food to the next level.”
The announcement comes just a few weeks after North Castle sold the Jenny Craig weight management business to H.I.G. Capital. North Castle’s portfolio includes Sprout Organic Foods and VitaCup, Inc. The firm previously held a stake in Atkins Nutritionals, Bora-Bora Organic Foods, Naked Juice Co., and Flatout Flatbread.