Investments
23Portfolio Exits
10Funds
5Partners & Customers
1About 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
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 .
Food & Beverage
123 items
CIC Partners Web Traffic
CIC Partners Rank
Latest CIC Partners News
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.
CIC Partners Investments Activity
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 | |||||
8/14/2017 | Growth Equity |
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 | ||
Amount | $8M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 9 |
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 | 19 | |||
11/7/2019 | IPO | Public | 3 | ||
2/25/2019 | Acq - Fin | 2 | |||
Date | 5/9/2022 | 11/7/2019 | 2/25/2019 | ||
---|---|---|---|---|---|
Exit | Acquired | IPO | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 19 | 3 | 2 |
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 | Leveraged Buyout | 1 | ||||
9/22/2008 | Private Equity | |||||
4/24/2007 | Private Equity | |||||
4/6/2007 | ||||||
8/10/2005 |
Date | 9/15/2015 | 9/22/2008 | 4/24/2007 | 4/6/2007 | 8/10/2005 |
---|---|---|---|---|---|
Investment Stage | Private Equity | Private Equity | |||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Leveraged Buyout | ||||
Sources | 1 |
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 | ||||
1/13/2012 | CIC III LP | ||||
2/26/2007 | CIC II LP | ||||
CIC Advantage Holdings LLC |
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 | ||||
Status | Open | ||||
Amount | $197M | ||||
Sources | 1 |
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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.