Rafael Canton

CDPQ, Encore and Forward Consumer Partners are among the firms buying and selling purveyors of baked goods.

The separation is being facilitated by way of separate debt recapitalizations of each business.

'7 Brew is a prime example of a founder-led business that can really benefit from our data and expertise,' said Blackstone's Todd Hirsch.

Citation founder Tiffany Hagge: 'Cibo Vita is a hybrid between an industrial manufacturer and a staple [consumer packaged goods] company.'