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Private Equity
FINANCE | Investment Firms & Funds
cicpartners.com

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Investments

23

Portfolio Exits

10

Funds

5

Partners & Customers

1

About CIC Partners

CIC Partners is a middle-market private equity firm that invests in growth-oriented companies primarily in the food, restaurant, healthcare and energy industries. CIC manages the personal capital of its investment team, Operating Partners and strategic investors and seeks to partner with owner-operators, founders and management teams. In terms of investment size, CIC Partners makes equity investments between $3 and $100 million. It generally prefers to invest in firms with revenues between $10 and $500 million and an EBITDA of $3 and $50 million. Given its numerous transaction types, it may buy outright control of portfolio companies (100%) or take minority positions and generally prefers to take a board seat in its portfolio companies.

CIC Partners Headquarter Location

3879 Maple Avenue Suite 400

Dallas, Texas, 75219,

United States

214-871-6863

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Expert Collections containing CIC Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find CIC Partners in 1 Expert Collection, including Food & Beverage .

F

Food & Beverage

123 items

CIC Partners Web Traffic

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Page Views per Million (PVPM)
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Latest CIC Partners News

Tiff’s Treats Closes on More Than $30M in Latest Capital Raise, With New Investment to Support Continued National Expansion

Nov 19, 2021

AUSTIN, Texas — Tiff’s Treats, the direct-to-consumer, on-demand delivery brand famous for inventing the concept of baked-to-order, warm cookie delivery, has closed on the first tranche of its growth capital raise, with an additional tranche being considered in the near future. The investors in this round, including both new and returning individuals and firms, join a group of institutional investors that includes CIC Partners and Morgan Stanley Expansion Capital in addition to celebrity investors Dirk Nowitzki, Kendra Scott, Andy Roddick and Brooklyn Decker. This funding round values Tiff’s Treats at over $500 million. The growth equity raise is the largest single funding round to date for Tiff’s Treats. It brings the total equity raised since inception to over $100 million and positions the company to build upon its growing e-commerce-driven platform. With over 80% of sales being generated digitally through its state-of-the-art, internally developed technology, Tiff’s Treats is expanding its network of retail distribution points to capitalize on significant unmet demand in both new and existing markets. “Every day we are lucky to be an integral part of some of the most significant moments in people’s lives, fulfilling our mission of connecting people through warm moments,” said Tiffany Chen, co-founder and president of Tiff’s Treats. “We are unique because we specialize in both on-demand delivery and on-demand gifting. For birthdays, corporate events or any special occasion, customers can go to our proprietary online platform and mobile app and order freshly-baked warm cookies, delivered in about an hour. We are changing the way people connect with each other.” The capital raise will enable Tiff’s Treats to invest in the following areas of its business: Grow its network of retail distribution points to bring on-demand warm moments to millions more people across the country Further develop its direct-to-consumer e-commerce and delivery technology platforms, including an emphasis on servicing customers nationwide through additional channels “We continue to invest in our direct-to-consumer, on-demand gifting and delivery platform from the ground up, resulting in a best-in-class giving and receiving experience for customers,” said Leon Chen, co-founder and CEO of Tiff’s Treats. “With our technology, we manage the entire delivery experience, utilizing our own delivery drivers and highly-committed in-house customer service team. We are focused on our mission to connect people through warm moments. Warm cookies are the vehicle, but our purpose is much bigger than that.” The company has retained J.P. Morgan as its placement agent on the capital raise. About Tiff’s Treats In 1999, Tiffany Taylor accidentally stood up Leon Chen for a date. As an apology, she baked and delivered a batch of warm cookies, and the concept of warm cookie delivery was born. Tiff and Leon, just 19-year-old sophomores at The University of Texas at Austin at the time, opened Tiff’s Treats with $20, a cell phone and a dream. Since then, the business has grown to 69 retail distribution locations in Texas, Georgia, Tennessee, North Carolina and Oklahoma, with more than 1,700 employees, baking more than 200 million cookies since the company started. The founders are now married and the business continues to grow, but Tiff’s Treats has the same core mission: creating memorable moments with treats  baked to order and delivered warm . Customers can order online, with the Tiff’s Treats app or by phone, all supported by industry-leading technology and customer service. Perfect for on-demand gifting or just to satisfy a sweet tooth, the Tiff’s Treats menu features 11 timeless cookie flavors and limited-time flavors of the month, as well as decadent brownies and other treats, with cold milk and ice cream pairing options. Tiff’s Treats has donated well over $1 million in products and direct support to charities to date, and in July 2021 announced ChadTough Defeat DIPG as its first corporate charity partner. Early next year, the founders will release their first book,  It’s Not Just Cookies: Stories and Recipes from the Tiff’s Treats Kitchen , published by Harper Horizon, sharing secret ingredients to Tiff’s Treats’ success and challenges they’ve overcome along the way. To learn more, please visit  www.cookiedelivery.com .

CIC Partners Investments

23 Investments

CIC Partners has made 23 investments. Their latest investment was in TSU One as part of their Private Equity on April 4, 2021.

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CIC Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/7/2021

Private Equity

TSU One

Yes

1

5/29/2018

Secondary Market

Auxilium Gruppe

Yes

1

12/21/2017

Series A

Scalefast

$8M

Yes

9

11/15/2017

Series D

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$99M

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10

8/14/2017

Growth Equity

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10

Date

4/7/2021

5/29/2018

12/21/2017

11/15/2017

8/14/2017

Round

Private Equity

Secondary Market

Series A

Series D

Growth Equity

Company

TSU One

Auxilium Gruppe

Scalefast

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Amount

$8M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

9

10

10

CIC Partners Portfolio Exits

10 Portfolio Exits

CIC Partners has 10 portfolio exits. Their latest portfolio exit was Scalefast on May 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/9/2022

Acquired

$99M

19

11/7/2019

IPO

$99M

Public

3

2/25/2019

Acq - Fin

$99M

2

6/12/2018

Acq - Fin - II

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$99M

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10

11/21/2013

Acq - Fin

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$99M

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10

Date

5/9/2022

11/7/2019

2/25/2019

6/12/2018

11/21/2013

Exit

Acquired

IPO

Acq - Fin

Acq - Fin - II

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

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Sources

19

3

2

10

10

CIC Partners Acquisitions

7 Acquisitions

CIC Partners acquired 7 companies. Their latest acquisition was Willie's Restaurants on September 15, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/15/2015

$99M

Leveraged Buyout

1

9/22/2008

Private Equity

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$99M

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10

4/24/2007

Private Equity

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$99M

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10

4/6/2007

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$99M

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0

8/10/2005

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$99M

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0

Date

9/15/2015

9/22/2008

4/24/2007

4/6/2007

8/10/2005

Investment Stage

Private Equity

Private Equity

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Leveraged Buyout

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Subscribe to see more

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Sources

1

10

10

0

0

CIC Partners Fund History

5 Fund Histories

CIC Partners has 5 funds, including CIC IV LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/5/2018

CIC IV LP

Diversified Private Equity

Open

$197M

1

10/26/2017

CIC Partners Fund IV

$99M

10

1/13/2012

CIC III LP

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$99M

10

2/26/2007

CIC II LP

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$99M

10

CIC Advantage Holdings LLC

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10

Closing Date

3/5/2018

10/26/2017

1/13/2012

2/26/2007

Fund

CIC IV LP

CIC Partners Fund IV

CIC III LP

CIC II LP

CIC Advantage Holdings LLC

Fund Type

Diversified Private Equity

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Status

Open

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Amount

$197M

$99M

$99M

$99M

Sources

1

10

10

10

10

CIC Partners Partners & Customers

1 Partners and customers

CIC Partners has 1 strategic partners and customers. CIC Partners recently partnered with Royale Energy on .

Date

Type

Business Partner

Country

News Snippet

Sources

Partner

United States

ROYALE ENERGY AND CIC PARTNERS FORM JOINT VENTURE TO DEVELOP SANSINENA OIL FIELD.

SAN DIEGO , April 19 , 2018 -- Royale Energy , Inc. and CIC Partners , a Dallas-based private equity firm , have formed a new Joint Venture called RMX Resources which will fund , drill and produce oil at the prolific Sansinena Oil Field .

1

Date

Type

Partner

Business Partner

Country

United States

News Snippet

ROYALE ENERGY AND CIC PARTNERS FORM JOINT VENTURE TO DEVELOP SANSINENA OIL FIELD.

SAN DIEGO , April 19 , 2018 -- Royale Energy , Inc. and CIC Partners , a Dallas-based private equity firm , have formed a new Joint Venture called RMX Resources which will fund , drill and produce oil at the prolific Sansinena Oil Field .

Sources

1

CIC Partners Team

3 Team Members

CIC Partners has 3 team members, including current Chief Financial Officer, Alan Buehler.

Name

Work History

Title

Status

Alan Buehler

Chief Financial Officer

Current

Brian Stemme

Eli Lilly and Company, and Arthur Andersen

Senior Vice President

Current

Michael Rawlings

Managing Partner

Current

Name

Alan Buehler

Brian Stemme

Michael Rawlings

Work History

Eli Lilly and Company, and Arthur Andersen

Title

Chief Financial Officer

Senior Vice President

Managing Partner

Status

Current

Current

Current

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