SC&H Capital Advises Tattooed Chef, Inc. in Sale of its Assets


Transaction Type:

Special Situations

This specialty food manufacturer operated seven different facilities in California, New Mexico, Ohio, and Italy and offered a broad portfolio of innovative plant-based branded and private-label frozen food products to leading national retailers in all 50 states. The Company had revenues of over $230 million and a market cap of over $2 billion when it went public.

While Tattooed Chef achieved impressive revenue and brand recognition growth, it had been operating with constrained liquidity which impacted the Company’s profitability and ability to pay suppliers and other parties necessary to continue operations. Due to the changes in the capital markets and general macroeconomic conditions, the Company was unable to raise additional financing and as a result, filed for chapter 11 bankruptcy protection to provide a runway to sell the business.

SC&H Capital was retained to quickly run a marketing process and complete a sale for some or all of the Company’s assets before operations shut down. Within eight weeks, SC&H executed NDAs with 133 groups, conducted 40 site visits, and qualified 16 groups as bidders to participate in an auction. Over the course of an entire day, SC&H conducted a multi-parcel auction for 14 different bid lots and increased the recovery to the estate by over 50% from where the auction started. Sales with 11 different buyers were approved by the court and closings occurred that provided maximum recovery to creditors, continued employment, and operating businesses for vendors to support.

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Retaining SC&H Capital allowed me to focus on managing the business while they thoroughly marketed the assets. The number of parties they brought, and the execution of the auction was the result of a very demanding 12 weeks for everyone involved.

Ed Bidanset


Chief Restructuring Officer


Tattooed Chef, Inc.

Transaction Leaders


Matt LoCascio


Ken Mann

Managing Director