of Greek yogurt, has secured a $750m investment from private equity firm TPG Capital and its credit platform TPG Opportunities Partners, which will support the company’s expansion.As part terms of the deal, TPG will have representation on Chobani's board of directors, while Chobani founder and CEO Hamdi Ulukaya will be the chairman.
Speaking about the transaction, Ulukaya said this investment gives the company additional resources to build on its momentum, fund its exciting new innovations and reach new people.
"Most importantly, it positions us to further deliver on our vision to provide better food for more people," Ulukaya noted.
In 2013, Chobani posted a 32% increase in revenues to over $1bn.
