Tigris buys Heart Tiramisu maker in consumer goods push
What's the deal? Tigris InvestmentDealroom has a profile for this one. Try Dealroom →, a technology financier under South Korea's Duksan GroupDealroom has a profile for this one. Try Dealroom →, has acquired From Golden PieceDealroom has a profile for this one. Try Dealroom → — the operator of dessert brand Heart Tiramisu, now renamed Heart Piece. It bought all shares held by the company's co-founders and early investors for roughly 20 billion Korean won, becoming the largest shareholder in August 2026.
Who's involved? From Golden Piece was established in January 2023 by the founders behind London Bagel Museum (LBM)Dealroom has a profile for this one. Try Dealroom →. It runs a yakgwa brand, a tiramisu brand, and a cheesecake brand, and posted sales of 20.9 billion won and operating profit of 5.7 billion won in 2025.
Why now? The company was put up for sale after its founders faced a non-compete clause following LBM's sale to JKL PartnersDealroom has a profile for this one. Try Dealroom →. Heart Tiramisu had won over young consumers and secured shelf space in major department stores and duty-free shops.
What's the endgame? Tigris has made consumer goods buyouts a growth engine. Earlier in 2026 it acquired Sooksook CompanyDealroom has a profile for this one. Try Dealroom →, maker of the diffuser brand HETRAS, alongside Meritz SecuritiesDealroom has a profile for this one. Try Dealroom →. Sooksook posted sales of 84.6 billion won and operating profit of 23.8 billion won in 2025.
The rationale: Tigris says it targets brands with strong consumer recognition, which offer steady cash flow and pricing power to defend profitability.
The signal: Tigris was set up by Duksan Group — a semiconductor and display materials specialist — with 20 billion won in capital, and has mostly backed minority stakes in early-stage materials, parts, and equipment companies. Its pivot into consumer buyouts marks a widening of that mandate.
Read more: The Chosun Daily
Image credit: heartpiece
