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tiliallc.com

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Investments

3

Funds

2

About Tilia Holdings

Tilia is a Chicago-based private investment firm focused exclusively on the food supply chain.

Tilia Holdings Headquarter Location

111 South Wacker Drive Suite 4960

Chicago, Illinois, 60606,

United States

312 535 0225

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Latest Tilia Holdings News

Bobalu Berries adds Food Safety Director Eric Valenzuela

Jul 29, 2021

Bobalu Berries adds Food Safety Director Eric Valenzuela The newly created position will oversee grower support, facility safety operations and working with the company’s third-party auditors. OXNARD, Calif. — Eric Valenzuela has filled the newly created position of director of food safety at Bobalu Berries . Valenzuela will focus on grower support, facility safety operations and working with the company’s third-party auditors to optimize food safety practices throughout the operation. Valenzuela will also manage the technical and administrative aspects of the food safety system and serve as the primary point of contact with auditors and customers responding to their food safety compliance needs. “We are excited to have Eric on board providing his leadership and experience to continue to elevate our company food safety and sustainability programs,” said Michael Cleugh, vice president of operations. “As our operations expand with increased acreage along with elevated customer strategic partnerships, a dedicated director of food safety is essential for our continued growth." Bobalu said Valenzuela has extensive experience developing company-wide food safety programs, recently converted his previous company to zero waste and has served on the United Fresh Produce Association Food Safety & Sustainability Council. “I am truly excited for this opportunity to be part of this amazing company and to join a family farming operation. Bobalu has a great structure, and I look forward to being part of their continued success and growth in the world of food safety, quality assurance and sustainability to be an even better company going forward”, said Valenzuela. “Adding Eric to our team with his experience in the industry, gives us the opportunity to shine a brighter light on the quality of everything we do in this important area of food safety, sustainability and reduced food waste. Eric will work directly with our field team, sales and marketing team and customers as we maintain our focus on the safety of our products and expand our work in the area of sustainability” said Bobby Jones, managing partner. New Brochure from Madison Chemical Details Cleaning and Sanitation Solutions for Frozen Food Plants The four-page, full-color brochure digs into the unique cleaning and sanitation needs of frozen food production. MADISON, Ind. — Madison Chemical introduced a four-page brochure, which details its full line of formulated chemicals designed specifically for the unique cleaning and sanitation needs of frozen food production. Using the latest technologies, Madison said it is able to identify hot spots and hidden sources (biofilm) of growth, which can be done in real time. Once identified, removal and sanitation incorporate more than just intensified cleaning tactics, the brochure said. This full-color brochure describes CIP-acid cleaners, foaming acid cleaners, CIP-chlorinated alkaline cleaners, foaming-chlorinated alkaline cleaners, general purpose cleaners, floor treatments and as well as specialty products such as sanitation wipes, drain and condensate pan remediation, biofilm remediation, ink and adhesion removal, gel additives and more. In addition to thorough product descriptions and usage suggestions (with dilutions), the literature also includes testimonials from snack food customers. These products were developed by Madison’s team of food processing specialists and chemists so that users can achieve the clean needed to enhance finished product safety and quality. These application specific products are ideal for frozen food facilities of all sizes and volumes, Madison said. Hillbrush Launches Food Industry Cleaning Tool Essentials The new line consists of 24 different cleaning tools in five colors, specifically for use in color coded cleaning segregation. The new Hillbrush Essentials Line consists of 24 different cleaning tools in five colors, specifically for use in color coded cleaning segregation and to meet hazard analysis critical control point (HACCP) compliance. All made with materials approved by the Food and Drug Administration (FDA) for food contact, products in the range include hand brushes, brooms, floor scrubs, squeegees, tank brushes, handles, dustpans and a drain brush. Products from the range can be purchased individually alongside Hillbrush standard cleaning tools, if required. SDSU Extension, FSIS to Host 2021 Food Safety Summit The event hosted by South Dakota State University Extension will cover topics such as egg hazard analysis critical control points (HACCP),sustainable alternatives for poultry food safety and more. BROOKINGS, S.D. — South Dakota State University (SDSU) Extension in conjunction with the Department of Agriculture (USDA) Food Safety and Inspection Service (FSIS) Des Moines District Office is providing a learning opportunity for all who are interested in food safety and public health. The SDSU — Des Moines District Food Safety Summit will be held Wednesday, Aug. 4, in Brookings, S.D. "The goal of the summit is to educate, exchange information and open the lines of communication between the different segments of industry, public health officials and regulatory agencies," says Amanda Blair, professor and SDSU Extension meat science specialist. Egg Hazard Analysis Critical Control Points (HACCP) Sustainable alternatives for poultry food safety Adulterated product monitoring and recalls New swine inspection system FlexXray Announces Significant Growth Investment The investment from Warburg Pincus and Tilia Holdings will allow the company to increase market adoption, expand geographic reach and broaden service offerings, it said. ARLINGTON, Texas, and NEW YORK CITY and CHICAGO — FlexXray , a provider of X-ray inspection and recovery services for food companies, has announced a significant growth investment from Warburg Pincus, a global growth investor and Tilia Holdings, a Chicago-based private investment firm focused exclusively on the food and nutrition supply chain. FlexXray is a provider of x-ray inspection services focused exclusively on food safety. FlexXray assists food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants from food. Hundreds of manufacturing plants in North America rely on FlexXray's expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process, the company said. FlexXray was founded in 2001 and is headquartered in Arlington, Texas. "FlexXray provides a best-in-class solution to protect customer brands, retailer relationships and most importantly, consumer health and safety. This investment represents a significant opportunity to grow the business, while creating important environmental benefits for our customers by reducing food waste. We believe that Warburg Pincus and Tilia are the ideal partners to support us in our next chapter and look forward to leveraging their global network and broad resources in the food safety space," said Randy Jesberg, CEO, FlexXray. "I would also like to thank Levine Leichtman Capital Partners for their close partnership, invaluable contribution and strategic insight over the past four years." Warburg Pincus is an investor in food safety and food supply chain services, with current and historical investments in Certified Laboratories, Hygiena, GA Foods, SPINs, Aramark, Grubhub/Seamless, Duravant and Trimark. Tilia is also an investor in the food and nutrition supply chain with current investments in Refrig-It, Certified Laboratories, Universal Pure, Proven Partners Group, Ellison Bakery, NutriScience Innovations and Wheat Montana and historical investment in Safe Foods International Holdings. "With the increased compliance through USDA and FDA regulations and focus on minimizing food waste, FlexXray is experiencing rapid market adoption and has significant growth opportunities ahead. The company's mission-critical services, ensuring food product safety, is backed by an incredible management team and strong customer service," said Stephanie Geveda, managing director, head of business services, Warburg Pincus. "We are excited to partner with Randy and the FlexXray team, alongside Tilia, to build upon FlexXray's history of success to enhance and expand their offerings in this dynamic and growing market," said Michael Pan, Principal, Warburg Pincus. "FlexXray is well-positioned to meet the growing consumer demand for a safe and environmentally-friendly food supply chain. The investment in FlexXray reflects our ongoing mission to invest in companies that help make the food supply chain safer for our customers and ultimately, the end consumer," said Johannes Burlin, co-CEO, Tilia. "We are excited to partner with Warburg Pincus to bring this investment to life and extend the growth trajectory for the company."

Tilia Holdings Investments

3 Investments

Tilia Holdings has made 3 investments. Their latest investment was in FlexXray as part of their Private Equity - II on July 7, 2021.

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Tilia Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2021

Private Equity - II

FlexXray

Yes

3

7/8/2021

Private Equity

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$99M

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10

Other Investors

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$99M

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10

Date

7/26/2021

7/8/2021

Round

Private Equity - II

Private Equity

Other Investors

Company

FlexXray

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Amount

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

Tilia Holdings Acquisitions

3 Acquisitions

Tilia Holdings acquired 3 companies. Their latest acquisition was NutriScience Innovations on May 04, 2021.

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

5/4/2021

Private Equity - II

Acq - Fin

1

8/18/2020

Private Equity

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$99M

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10

4/2/2019

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$99M

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10

Date

5/4/2021

8/18/2020

4/2/2019

Investment Stage

Private Equity - II

Private Equity

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

Tilia Holdings Fund History

2 Fund Histories

Tilia Holdings has 2 funds, including Tilia Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/31/2021

Tilia Fund II

$170.2M

3

3/22/2018

Tilia Fund I

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$99M

10

Closing Date

3/31/2021

3/22/2018

Fund

Tilia Fund II

Tilia Fund I

Fund Type

Subscribe to see more

Status

Amount

$170.2M

$99M

Sources

3

10

Tilia Holdings Team

1 Team Member

Tilia Holdings has 1 team member, including current Managing Partner, Johannes Burlin.

Name

Work History

Title

Status

Johannes Burlin

Managing Partner

Current

Name

Johannes Burlin

Work History

Title

Managing Partner

Status

Current

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