Deal Snapshot
CHARLESBANK CAPITAL PARTNERS, PARTNERS GROUP TO ACQUIRE HEARTHSIDE FOOD SOLUTIONS FRIM GOLDMAN SACHS, VESTAR CAPITAL
Tuesday 24 April 2018

Boston, US-based private equity firm Charlesbank Capital Partners and Switzerland-based private markets investment manager Partners Group have agreed to acquire Illinois, US-based independent bakery Hearthside Food Solutions from New York-based investment bank Goldman Sachs and New York-based private equity firm Vestar Capital Partners, the companies said.

Following the investment, Partners Group and Charlesbank will work with Hearthside's management team on a number of value creation initiatives focussed on promoting organic growth by providing customers with a range of product solutions, executing select add-on acquisitions to further expand the business into adjacent industries and geographies and optimising existing manufacturing processes.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 24/04/2018
Target: Food Solutions
Country: USA
Sector: Food/Beverages/Tobacco
Type: JV
Financing:
Status: Agreed
Vendor: Goldman Sachs, Vestar Capital Partners
Buyer: Charlesbank Capital Partners, Partners Group
Buyer Advisor: Ropes and Gray , Goodwin Procter , Latham and Watkins , KPMG , PwC , Jefferies
Comment:
Terms of the deal were not disclosed

Options