 |
Kekst & Co. represents Peak Rock Capital's acquisition of TNT Crust from Tyson Foods, a deal that marks the seventh recent food/beverage deal for the Austin-based private equity firm.
Green Bay-based TNT produces partially baked, self-rising flat breads and crusts for pizza manufacturers, pizzerias, restaurants and foodservice distributors. It has 400 workers.
Anthony DiSimone, PRC's CEO, said the deal shows the firm's "deep experience in executing complex carve-out transactions" and highlights its continued interest in the food and beverage sector.
PRC's investments include Sweet Harvest Foods (honey), Berner Food & Beverage (dairy-based shelf-based snacks/beverages), Diamond Crystal Brands (portion control and single serve food/beverages) and Gold Coast Bakeries (specialty and organic breads, rolls and buns)
The TNT transaction is expected to close next month.
Kekst's Daniel Yunger and Cathryn Vaulman represent PRC.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
Have a comment? Send it to 
No comments have been submitted for this story yet.